Annuity fees


Q. I know you are not a CPA but I thought this has probably been asked before and that you might have an answer. Are annuity fees tax-deductible on traditional IRAs?

A. If the fees are paid from within the IRA, they are effectively deducted as they reduce the return, and hence the taxable income, you ultimately receive from the IRA. If they are paid from funds outside the IRA, then I believe they would be considered investment expenses and may be deductible subject to the limits that apply.


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Mike Miles is a Certified Financial Planner licensee and principal adviser for Variplan LLC, an independent fiduciary in Vienna, Virginia. Email your financial questions to and view his blog at

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