topic Can bank stop payment fee be deductible? in Get your taxes done using TurboTax

Can bank stop payment fee be deductible?

Janet-S1 — Wed, 10 Mar 2021 23:15:44 GMT

are bank fees for stop payment deductible?

DavidD66 — Wed, 10 Mar 2021 23:29:24 GMT

If the stop-payment was done during the course of operating a business, yes. If it was personal in nature, then no, it's not deductible.

macuser_22 — Wed, 10 Mar 2021 23:30:33 GMT

No. Miscellaneous deductions were eliminated for 2018-2025 and it would be and itemized deduction anyway first reduced by 2% of your AGI.