Newsletter Archive

Marotta On Money - June 25 Newsletter

Taxes and Tax Management

Are Investment Management Fees Tax Deductible? (06-25-2012)

I often get asked, "Are investment management fees tax deductible?" The answer is not a simple "yes" or "no. " Like many tax questions, the answer is "It depends. " Investment management fees are a tax-deductible expense. They can be listed on Schedule A under the section "Job Expenses and Certain Miscellaneous Deductions. " Line 23 includes investment expenses. These expenses get added into unreimbursed employee expenses, tax preparation fees, safe deposit boxes and other qualifying expenses. Unreimbursed employee expenses can include professional dues, required uniforms, subscriptions to professional journals, safety equipment, tools and supplies.
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Upcoming Events

07/04

Independence Day

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08/03

Virginia's Sales Tax Holiday: School Supplies and Clothing.

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In The News

Radio: What Equality Should We Seek in Society?

David John Marotta was interviewed on radio 1070 WINA's Schilling Show discussing the idea of "equality" in society. He argues that there are two main view of equality: equality of process, and equality of result. Which ideology is better for society as a whole?

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Featured Video

Video: Roth IRAs Make Great Estate Planning Tools

Learning to Live on Your Own, Part 1 (02-11-2008)

If you're like most of today’s college graduates, you may find yourself ill prepared for the real world of financial responsibility. You never saw how your parents lived when they were first married and struggling. Consequently, you may be basing your after-school expectations on an upper-middle-class lifestyle. Here is my financial advice for those of you learning to live on your own. My own financial education began when I was very young. My parents shared openly with us about the cost of running the household.
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