Many IRAs charge a wrap fee that includes money management, account maintenance, and perhaps other costs in one annual or monthly fee. A recent IRS private ruling states that many of these wrap fees can be paid with money outside of the IRA without the payment being treated as an additional contribution to the IRA. This allows IRA owners to keep more of their account working to compound tax deferred. Instead of having wrap fees deducted directly from the IRA, consider writing a check. This approach also might increase tax deductions, since the wrap fee should qualify as a miscellaneous itemized expense for those who itemize deductions. An important point in the ruling is that trading commissions paid with funds outside IRA are considered additional contributions. But fees for investment advisory fees are not considered contributions. Not all financial firms allow wrap fees to be paid from other accounts; some prefer to automatically deduct the fee from the IRA.