Can I take Spotme Tip as a deduction?
FlyFin User • Multi professional
Dixon Garcia
CPA, FlyFin
In General, any expense must be a necessary expense to be tax deductible. Therefore, Spotme Tip is not tax deductible. However, you can deduct Cash withdrawal fees, Foreign transaction fees, Overdraft fees, Membership fees, bank fees, monthly maintenance fees etc. when they are from a business account.
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About Author
Dixon Garcia
CPA, FlyFin
Dixon is one of the best tax experts from the United States. He has an experience of 28 years in the field of corporate finance. Before FlyFin, Dixon had served as the Tax Head at KPMG, NJ.
