KSWO brings you the latest local, state and national health news on MedWatch. During the evening broadcast, MedWatch reporter, Haley Wilson, informs you about new advances in medications, tests and procedures to diagnose and treat all types of illnesses.
If you are an individual who is exempt from Medicare taxes, you still may be subject to the Net Investment Income Tax if you have Net Investment Income and also have modified adjusted gross income over the applicable thresholds.
60 people found this helpful. Yes, you can deduct the 2014 investment advisory fees associated with your taxable account on your 2014 tax return. The investment management fees associated with your tax deferred accounts can not be deducted on your 2014 tax return.