Is are stripe fees tax deductible tax deductible?

Stripe fees, like other payment processing fees, are deductible as ordinary and necessary expenses under IRC §162, provided they are incurred in the course of running your business. These fees are typically deducted in the year they are incurred. For example, if you are a freelance graphic designer and you use Stripe to process payments from clients, the fees Stripe charges you for these transactions can be deducted as a business expense. However, if you use Stripe for personal transactions, those fees are not deductible. It's crucial to maintain clear records that distinguish between business and personal transactions.