No, the deduction of financial advisory fees and investment fees is no longer deductible. One of the biggest changes from the Tax Cuts and Jobs Act
(TCJA) is the elimination of many personal itemized deductions. Starting
in 2018 and continuing through 2025, taxpayers will not be able to
deduct a large group of deductions called
“miscellaneous itemized deductions” that were deductible to the extent
they exceeded 2% of a taxpayer’s adjusted gross income.The itemized deduction for these expenses has been suspended for tax years 2018 through 2025.
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