Q: Can I deduct subscribing to an investment newsletter from my taxes? Are there any other investment aids I can deduct?

I.B., via the Internet

A: You can deduct the cost of subscriptions to relevant investment-related publications as a miscellaneous itemized deduction.

"But if you don't have investments and you're reading those magazines for pleasure, you can't deduct the subscriptions," said Benjamin Tobias, a certified financial planner with Tobias Financial Advisors in Plantation, Fla.

You can also deduct advisory fees to financial professionals, Tobias said. But you can't deduct trading commissions or costs related to any tax-exempt securities.

Andrew Leckey is a Tribune Media Services columnist. E-mail him at yourmoney@tribune.com.