How do I deduct are credit card processing fees tax deductible on my taxes?
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Credit card processing fees can be deducted as a business expense if they are incurred as part of operating a business. This includes fees charged by credit card companies for processing customer payments. However, these fees are not deductible for personal expenses. For example, if you run a retail store and pay a percentage of each transaction to a credit card processor, those fees are deductible. Conversely, if you pay a credit card processing fee for personal purchases, it is not deductible.