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Can I deduct traffic and parking fines?

A fine is different from paying for a parking service.

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× Generally not a business deduction

A fine is different from paying for a parking service.

A fine is different from paying for a parking service. Do not classify the two together just because both involve driving.

Records to keep

  • The original bill or document, with date and amount.
  • A note of the business purpose and any allocation calculation.

A common mistake

A category label alone does not establish eligibility. Review the facts before claiming.