Can you write off can you claim credit card fees on taxes?

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Credit card fees, such as annual fees or transaction fees, can be deducted if they are directly related to business activities. For instance, if a small business owner uses a credit card to purchase supplies or pay for services, the associated fees are deductible as business expenses. However, fees incurred on personal credit cards for personal expenses are not deductible. It's important to distinguish between personal and business expenses, as only the latter qualifies for a deduction. Additionally, if a credit card is used for both personal and business purposes, only the portion of fees attributable to business use is deductible.

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