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Question
Are business checking account service fees tax deductible?
- Anonymous
Answer
Yes, account service fees for your business checking account are deductible. In fact, any bank fee you incur to use or maintain your business bank account is generally tax deductible. And if you use your personal account for business, a portion of those fees will be deductible. But consider opening a business bank account to keep your business money separate from your personal money.

Melissa Pedigo

Melissa Pedigo has been a CPA for over 20 years and she is one of the only CPA copywriters in the world. With a vast knowledge of U.S. tax and accounting, she’s able to write about tax and finance topics from a unique perspective...as an industry expert. When she’s not writing or being an accounting nerd, you’ll find her watching and playing tennis, reading, tending to her half-grown garden, and studying foreign languages

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