Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Mar 3, 2022 12:50:15 PM

Does a parking ticket received during a business meeting count as an expense?

0 2 1372
2 Best answers
Level 15
Mar 3, 2022 12:57:32 PM

Fines (such as those levied for parking tickets) are not deductible as business expenses.

 

See Publication 535 (2022), Business Expenses | Internal Revenue Service (irs.gov)

Expert Alumni
Mar 3, 2022 12:59:53 PM

No, parking tickets are not deductible. Fines are not considered a necessary expense for the production of income. 

2 Replies
Level 15
Mar 3, 2022 12:57:32 PM

Fines (such as those levied for parking tickets) are not deductible as business expenses.

 

See Publication 535 (2022), Business Expenses | Internal Revenue Service (irs.gov)

Expert Alumni
Mar 3, 2022 12:59:53 PM

No, parking tickets are not deductible. Fines are not considered a necessary expense for the production of income.