Ask Kim

Kiplinger

Paying IRA Investment Management Fees

Kiplinger.com

Are the money-management fees I pay for my IRA still tax-deductible under the new tax law? - G.R., Darien, Conn.

SEE ALSO: New Tax Plan: Planning for New Tax Rates, Tax Brackets and Deductions

Investment management fees are no longer tax-deductible under the new law. But there is still a tax-advantaged way to pay these expenses: You can take money from your IRA to pay the fees without incurring taxes or early-withdrawal penalties. This can be a good strategy for a traditional IRA, but it doesn't provide any extra break for a Roth IRA.

EDITOR'S PICKS

Copyright 2018 The Kiplinger Washington Editors

More from Kiplinger.com

See more stories in this category

Back to Previous Page

Ask Kim

What You'll Pay for Medicare Premiums in 2019

[Question]How much will I pay for Medicare Part B in 2019?[Answer]The Centers for Medicare & Medicaid...

Social Security Benefits to Increase 2.8% with...

The Social Security Administration announced that benefits will increase by 2.8% in 2019. That is the...

Deducting Disaster Losses on Your Tax Return

[QUESTION]My house was damaged by Hurricane Florence, and I have a 2% deductible on my homeowners...

New Rules on Capital Gains

What are the long-term capital gains rates under the new tax law? - C.C., Williamsburg, Va.SEE ALSO:...

How Parents Can Access Information on Their...

My son will be starting college next year. He'll be 18. Can we still get his grades and health-related...

Next Page >
Provided by Kiplinger