How do I deduct can you claim credit card fees on taxes on my taxes?
Credit card fees, such as annual fees or transaction fees, can be deducted if they are directly related to business expenses. For example, if you use a credit card to purchase supplies for your business, the associated fees can be deducted as a business expense. However, personal credit card fees are not deductible. It's important to separate personal and business expenses to ensure accurate deductions.