Can I deduct retirement account management fees?

hinesight14 · ‎June 4, 2019

JulieR · ‎June 4, 2019

No. Retirement account 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.

In 2017 and prior tax years, the fees were eligible for deduction under the 2% rule as an investment expense.

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JulieR · ‎June 4, 2019

No. Retirement account 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.

In 2017 and prior tax years, the fees were eligible for deduction under the 2% rule as an investment expense.

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Can I deduct retirement account management fees?