Can I take Spotme Tip as a deduction?

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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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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.