Question

Deduct credit card fees for tax payment

Forum|Forum|7 years ago
June 1, 2019
1 reply
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IRS says " Credit or debit card convenience fees charged for paying federal individual income taxes electronically are deductible for some taxpayers who itemize." Can I deduct these convenience fees I paid in 2017 on my 2017 tax return? Thank you.

TurboTax Premier Windows

K

kprice3

The fee is deductible for personal taxpayers as a miscellaneous itemized deduction on schedule A. However, only those miscellaneous expenses that exceed 2 percent of the adjusted gross income can be deducted. For more information, refer to; Pub 529

H

HardwayAuthor

Thank you so much for your reply. So can I only deduct credit card fees related for federal tax payment or I can also deduct the fees related for state tax payment, such as state estimated tax payment? Thank you.