Retirement tax questions

Investment advice fees are not deductible on your federal return but may be on your state return. 

Regarding real estate taxes, Homestead Exemption is granted to all Class III single family owner occupied properties. This exemption allows the property owner to deduct up to $4,000.00 in state tax and $2,000.00 in county tax from the total assessed value of the property. You must own and occupy the property as your primary residential address.