Can you deduct bank fees from taxes?

Answer Some banking fees are deductible for personal and business accounts but not all. Fees due to losses on deposits with solvent financial institution or investments can be deducted, but not check-writ... Read More »

Top Q&A For: Can you deduct bank fees from taxes

Can I Deduct a Divorce Attorney's Fees & CPA Fees From My Income Taxes?

Divorces are not only emotionally draining but can also be expensive after paying your attorneys and CPAs the fees you owe. The IRS will not, however, allow you to claim a deduction for every fee y... Read More »

How to Deduct Tax Prep Fees?

Tax deductions reduce gross taxable income. Deductions are beneficial to taxpayers because they can push recognized income down to lower tax brackets and reduce tax liability. Taxpayers who incur f... Read More »

Can you deduct attorney fees?

Legal fees are deductible if related to your job. This includes legal fees to perform your job or to keep your job. In addition, legal fees are deductible if related to the taxpayer's income produc... Read More »

Can you deduct business license fees?

On One Hand: Deduct Annual FeesDepending on the type of business as well as the locale, some businesses require annual licensing fees that may be deducted from federal and possibly state income tax... Read More »