Are business checking account service fees tax deductible?
Answered by Melissa Pedigo, CPA ·
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.
