MARK KOHLERMain Street Professionals, Main Street Professionals, Main Street Professionals, Main Street Professionals, Main Street Professionals, LLC · Owner at Main Street Professionals, LLC

Personal Card + Business Expense = Write Off!!!

24 Mar 2023 · 0 min

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Mark Kohler explains that business expenses count as tax write-offs regardless of which card you use to pay them. Personal card, family card, business card: it doesn't matter. The expense itself is what the IRS cares about, not the payment method.

What do I do about my credit cards and the expenses I incurred for my business there? And if I didn't run them through the business account, they're gone, right? No, no, no, no, no. You're good. This should be a really breath of fresh air for many of you. If you have a credit card, I don't care if it's in your name, your mom's name, your kid's name, your business name, your. Your alias. I don't care if you use that credit card for a business expense, it's going to be a write off.