Are stock purchase costs tax-deductible?

Answer No. According to the Internal Revenue Service, you cannot deduct commissions or other fees paid to buy stocks and bonds. However, you can add these fees to the price of the stock when figuring its ... Read More »

Top Q&A For: Are stock purchase costs tax-deductible

Are medical costs tax-deductible?

The Internal Revenue Service allows many medical expenses as tax deductions provided you itemize your deductions. However, there are rules as to which expenses are deductible and which are not.Sour... Read More »

Are closing costs tax deductible?

"Closing costs" is the catch-all name for the taxes, fees and other items that a home buyer must pay when closing a mortgage loan. Several of the biggest costs you pay at closing are deductible on ... Read More »

Are probate costs tax deductible?

Probate is the legal process of distributing an estate of a deceased person, and the legal verification of a will. Probate costs are tax-deductible, as are the administrative costs during the proce... Read More »

Are moving costs deductible?

If you moved for job purposes and meet the criteria set out by the Internal Revenue Service (IRS), you may be able to deduct certain expenses related to the move on your federal income taxes.Geogra... Read More »