Credit Card Protection

by Bill
(Trevose, PA)

I would like to know if we can we claim the fees we pay for credit card protection as a tax deduction?

Thank you for your question about credit card protection fees. It is my understanding that you can claim the credit card protection fees that you pay on a business use credit card as an income tax deduction on your income tax return. It can be categorized along with the interest payments or distinguished separately as a type of insurance expense.

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