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March 9, 2020
Question

Investment expenses

  • March 9, 2020
  • 1 reply
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Are IRA management fees tax deductible?

1 reply

ColeenD3
March 9, 2020

Management fees paid from your IRA account have never been deductible on your federal tax return. In addition, separately-paid IRA management fees are no longer deductible in tax years 2018 through 2025 due to the Tax Cuts and Jobs Act (TCJA) that Congress signed into law on December 22, 2017.