Don’t Miss This: Check Your 1099-R in January By Robert Powell, CFPJan 31, 2025 1:40 PM EST Retirement Costs Are Rising. Can You Afford to Retire? By Samanda DorgerJan 31, 2025 10:25 AM EST Social Security/Medicare Everything You Need to Know About...
PayPal fees can be reported on Schedule C under ‘Other income’ as ‘Business income’. PayPal invoice fees are tax-deductible. This means your taxable income will be reduced if you report them as a business expense.⁴ Be sure to keep records of your PayPal invoice fees in case of a ...