Ask an Accountant

A free tool by

Question
If I received a giftcard for my birthday and I bought business supplies with it, is the price of the business supplies tax deductible?
AI accountant’s answer:
Absolutely! It doesn’t matter if the purchase is made with a personal account or card, any funds spent on business supplies qualify as a deduction. Since the transaction won’t show up on your bank statement, be sure to hang on to the receipt so that the transaction isn’t forgotten at tax-time.

No answer given yet!

Answer
Absolutely! It doesn’t matter if the purchase is made with a personal account or card, any funds spent on business supplies qualify as a deduction. Since the transaction won’t show up on your bank statement, be sure to hang on to the receipt so that the transaction isn’t forgotten at tax-time.

No answer given yet!

Keeper Staff

Keeper is a delightfully smart tax filing software that's especially useful for people with 1099 contracting and freelance income. Our blog breaks down IRS guidance with real-world examples and analysis by tax professionals — empowering taxpayers to save money and take control of their finances.

Followup question? Ask away.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Got a different question? Ask our accountants.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Estimate tax saving

Track and claim every eligible deduction with Keeper

Keeper is the top-rated all-in-one business expense tracker, tax filing service, and personal accountant.

Try it free
review
featured by apple