Can you write off are stripe fees tax deductible?

Stripe fees are considered a necessary and ordinary business expense, which makes them deductible under IRS guidelines. These fees are typically categorized as 'bank fees' or 'merchant fees' on your tax return. To qualify for the deduction, the fees must be directly related to the operation of your business. For example, if you are a freelance graphic designer and you use Stripe to process payments from clients, the associated fees are deductible. However, if you use Stripe for personal transactions, those fees are not deductible. It's important to ensure that the fees are not reimbursed by clients, as reimbursed expenses are not deductible. Additionally, if you use Stripe for both personal and business transactions, you must only deduct the portion related to your business.