The Lawyer (Photo credit: Wikipedia) No one likes paying legal fees, but tax deductions can make them a lot less painful. With a 40% tax rate, $10,000 in deductible legal fees costs you only $6,000. But if your legal fees are to get divorced or because a family member sues you for slander, [...]
Stories Related to Need A Tax Deduction? Pay Legal Fees By Year-end
Robert W. Wood, Contributor, Forbes
Sat, 12/22/2012 - 8:49pm
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12/27/2024 - 10:45 pm | View Link - Is There a Tax Deduction for Financial Advisor Fees?
Prior to 2018, investors could deduct some or all of their investment advisory fees on their ... interest expenses as a deduction (in this case, $10,000) and possibly pay no tax on the qualified ...
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