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Are legal fees tax deductible?

As a rule, legal fees are deductible just like any other business expense you have paid the fees to earn income. For example, if you operate a small business and you hire a lawyer to draft a contract for you or collect unpaid debts, those fees are deductible. Fees paid for personal reasons, such as a divorce, are not deductible.

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Lawggle Admin

Lawggle Admin is a regular contributor to Lawggle.