Is are credit card fees tax deductible for businesses a valid tax write-off?

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Credit card fees that a business incurs, such as processing fees for customer payments or annual fees for a business credit card, are deductible as business expenses. These fees must be directly related to the business's operations. For example, if a business accepts credit card payments from customers and incurs transaction fees, these are deductible. However, fees on personal credit cards used for personal expenses are not deductible. If a credit card is used for both personal and business expenses, only the portion of fees attributable to business use can be deducted. It's important to maintain clear records of business-related transactions to substantiate the deduction.

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