Question

Could I tax write-off bounced check and bank overdraft fees?

Could I tax write-off bounced check and bank overdraft fees?

Answer

is this your bounced check or one of a client?

if the client's check bounced, your reduce your cash in bank account and also reduce your income account, thereby already claiming it as a loss

and yes the fees are expenses you can deduct

but if these are your personal checks, no

Jan 13 at 22:30

Your question, as phrased, makes no sense.

Jan 14 at 2:16

Only if it's business-related.

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business related = you own a business

Jan 14 at 6:25

If you're the one who wrote them, no.

If you're a business, somebody wrote you a bad check, and your bank charged YOU a fee for it, yes.

Jan 14 at 10:58