A Tax Deduction for Financial Advice? Why Changes Are Murky 

Erin Koeppel, Managing Director of Government Relations and Public Policy Counsel at CFP Board, highlighted that repealing a limited tax deduction for investment advice has increased the cost of financial guidance for Main Street investors saving for key life events. She noted that restoring and expanding tax incentives could enhance accessibility to professional financial advice for moderate-income individuals, ultimately improving their financial outcomes. 

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