Sentences with phrase «fees as a miscellaneous itemized deduction»

The IRS allows you to deduct investment management fees as a miscellaneous itemized deduction along with other miscellaneous itemized deductions on Schedule A of your tax return.

Not exact matches

Last call for miscellaneous itemized deductions: This is the last year you can deduct such items as tax prep fees, investment management fees and unreimbursed employee expenses.

Money you spent on certain job costs, such as license and regulatory fees, required medical tests, and unreimbursed continuing education, was available as an itemized deduction to the extent that it and other miscellaneous deductions exceeded 2 % of your adjusted gross income.

But if you pay the fee with funds outside the account, it counts as a cost of producing income, which means it adds to your miscellaneous itemized deductions.