Located in the Monongahela National Forest, this 10,215-acre area is one of... Located in the Monongahela National Forest, this 10,215-acre area is one of the few wilderness areas on the East Coast.
This fact sheet provides a quick look at preventing incorrect deductions for retirement plans. Qualifications to claim deductions. If you are self-employed, you may qualify for a tax deduction for contributions you make to a qualified retirement plan. You must have self-employment income to qualify.
A client may deduct financial planning and asset management fees only if they itemized deductions on Schedule A of IRS Form 1040. Moreover, these fees are deductible only to the extent that they, plus other miscellaneous fees and expenses, exceed 2% of the clients AGI.These fees and expenses are known as Tier II deductions.Here is a list of the most common fees and expenses that fall into this category.f the aggregate of these fees and expenses is less than 2% of the client's AGI, no deduction is allowed. If these items exceed 2% of the clients AGI, then the deduction is limited to the amount which exceeds this threshold.