Every year when it is tax season, we try and pull together everything we can think of that we could write off as deductions in our taxes: donations, cars, clothes, investments, you name it! Not everything can be tax deductible, as you know. This includes bail; most people who are put into the situation of…
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Is Bail Tax Deductible?
One thing you probably want to know about paying bail is if it is tax deductible. The answer to that is no. Even though you are paying bail money to the government, you need to remember that it is a payment to secure the release of a newly arrested person. Bail is not a tax….
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