BW-BUY-00962
low risk
Merchant fees
Typical range: $25–$5,000
Professional Services
Other Expenses
Bank Fees
Merchant fees — Business banking costs.
BizWriteOffs provides educational information only and is not tax, legal, or accounting advice. Deductibility depends on your specific facts and records. Consult a qualified tax professional.
Business justification
Merchant fees may be deductible when purchased for ordinary and necessary use in your professional services business. Documentation of business purpose is usually required.
Write-off library
Bank Fees
Business banking costs.
Documentation to keep
- Receipts, invoices, or bank/credit card statements
- Written business purpose and date of expense
- Logs or apps tracking business use when mixed personal/business use applies
Tax references
Schedule C (Form 1040)
bank fees
professional services
merchant fees