Can I deduct are transaction fees tax deductible?

Transaction fees incurred in the course of conducting business, such as credit card processing fees, bank fees for business accounts, or fees from online payment platforms like PayPal, are deductible. These fees must be directly related to business transactions. Personal transaction fees, such as those from personal bank accounts or credit cards, are not deductible. For example, if you run an online store and pay a fee for each credit card transaction processed, these fees are deductible. However, if you incur a fee for transferring money between personal accounts, this is not deductible.