Can I Deduct Credit Card Fees and Interest?

Can I Deduct Credit Card Fees and Interest?

Can I Deduct Credit Card Fees and Interest? Lisa Marie Brugman, EA
Published on: 07/07/2026

Are credit card interest and fees tax deductible? Business-related interest, annual fees, and finance charges may qualify, while personal expenses generally don't. Learn the rules to maximize deductions and avoid costly tax mistakes.

ExpensesDeductions
Business or First Class Airfare? Still a Deduction?

Business or First Class Airfare? Still a Deduction?

Business or First Class Airfare? Still a Deduction?Lisa Marie Brugman, EA
Published on: 16/06/2026

Flying Business Class or First Class for work? The cost may be tax deductible if the trip has a legitimate business purpose and the expense is considered ordinary, necessary, and reasonable. Learn when upgraded airfare can qualify—and how to document

ExpensesDeductions
Deducting Carwashes?

Deducting Carwashes?

Deducting Carwashes?Lisa Marie Brugman, EA
Published on: 09/06/2026

Keeping your rideshare vehicle clean isn’t just good for ratings and tips—it may also help lower your tax bill. Learn when car washes, detailing, and cleaning supplies may qualify as deductible business expenses and how the deduction rules work for

ExpensesDeductions
Legal Settlement Payments

Legal Settlement Payments

Legal Settlement Payments Lisa Marie Brugman, EA
Published on: 25/05/2026

Legal settlements aren’t always tax-free. This guide explains which settlements may be taxable, when exceptions apply, how attorney fees are treated, and why the wording of your settlement agreement matters more than most people realize.

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