What fees are associated with bank statements for tax purposes?

What fees should I be aware of when getting my bank statements for tax purposes?

When obtaining bank statements for tax purposes, you might encounter fees such as statement printing fees, delivery charges, or fees for electronic copies if your bank charges for those.

Are there any specific fees that I can deduct on my taxes?

Generally, fees directly related to your business expenses, such as bank service fees, can be deductible. However, personal account fees are usually not deductible.

How can I avoid these fees when preparing my taxes?

To avoid fees, consider opting for electronic statements, maintaining a minimum balance, or choosing a bank that offers free statements.

What if I need a copy of an old statement?

If you need an old statement, some banks may charge a retrieval fee. It's best to check with your bank's policy on statement retrieval.