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Level 4
May 24, 2023
Solved

ACH processing fees

  • May 24, 2023
  • 1 reply
  • 6 views

We pay most of our vendors through Quickbooks using ACH direct deposits, and sometimes I upgrade the payment speed from 3 business days to 1,  which is always a 1% fee. Is this fee tax deductible like credit card processing fees?

    Best answer by rjs

    If you are making payments for your business, yes, the ACH fees are deductible as a business expense.

     

    1 reply

    rjs
    Level 15
    rjsLevel 15Answer
    Level 15
    May 24, 2023

    If you are making payments for your business, yes, the ACH fees are deductible as a business expense.