Logo

Action Center

Ask Congress to Restore & Expand the Tax Deduction for Financial Advice

FPA joined a Coalition with the Investment Adviser Association, CFP Board, Financial Services Institute, and the National Association of Personal Financial Advisors.  We are asking Congress to restore and expand the tax deduction for financial advice.  Here's what you need to know:

  • Prior to the Tax Cuts and Jobs Act (TCJA), Congress recognized the value of professional investment and financial planning advice by providing a tax deduction for those services.  Congress repealed this deduction in 2017 when it passed the TCJA.
  • FPA is asking Congress to restore and expand the tax deduction for investment advisory fees without the 2% adjusted gross income (AGI) threshold which was a part of the pre-2017 law.

A letter has been drafted for you and is available in advocacy platform, VoterVoice.  Follow these directions:
1) Click on the link below.
2) A sample letter will appear.
3) To the right of the sample letter, enter your name in "customize your signature."
4) Enter your information
5) Click "send message."

Thank you for your help! 

Josephine Colacci, Esq.          
jcolacci@onefpa.org                
Public Policy Counsel              
FPA                                            

    Subject
    Message Body
    Tweet
    Suggested Message
    Post
    Remaining: 0
  • Hide
    • Please call this number:

      Please do not close this window. You will need to come back to this window to enter your code.
      We just sent an email to ... containing a verification code.

      If you do not see the email within the next five minutes, please ensure you entered the correct email address and check your spam/junk mail folder.
      Enter Your Info
      Your Information
      Home Information

      Enter Your Info