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Is the convenience fee tax deductible?

April 26, 2017convenience deductible fee tax

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Is the convenience fee tax deductible?

2 Answers

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No. The convenience fee is not tax deductible for the payment of personal taxes. However, when this fee is paid or incurred by a business, it can be deducted as a business expense.

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Generally, when this fee is paid or incurred by a business, it can be deducted as a business expense. Typically, it is not tax deductible for the payment of personal taxes or for the payment of other government obligations. We advise you to consult with a tax professional regarding the tax deductibility of the convenience fee as it pertains to your particular application.