Is are transaction fees tax deductible tax deductible?

Transaction fees are deductible when they are directly related to the operation of a business or the management of investments. For businesses, these fees can include credit card processing fees, bank fees, and brokerage fees associated with buying or selling investments. However, personal transaction fees, such as those incurred in personal banking or non-business-related activities, are not deductible. For example, if a small business pays transaction fees to process customer payments, these fees are deductible as a business expense.