Can bank stop payment fee be deductible?

Janet-S1 · ‎March 10, 2021

are bank fees for stop payment deductible?

DavidD66 · ‎March 10, 2021

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.

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macuser_22 · ‎March 10, 2021

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

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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Can bank stop payment fee be deductible?