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I subscribe to a few investment newsletters. Can I deduct those on my taxes as investment expenses?


You can under two conditions. You must itemize deductions rather than take the standard deduction. If you do that, then you can write off any of a bunch of miscellaneous expenses, including the cost of the newsletters, as long as they exceed two percent of your adjusted gross income when the items are lumped together. These miscellaneous items can include unreimbursed employee expenses, casualty and theft losses, legal fees and a variety of expenses related to your personal finances, including fees for financial advice, tax preparation or maintaining retirement accounts. So while your newsletters are unlikely to set you back an amount equal to two percent of your adjusted gross income, there’s a good chance if you itemize that you’ll have enough miscellaneous write-offs to be able to tack on the cost of the newsletters.

-Conrad de Aenlle