IRS penalties and interest
Varies
Can You Write Off IRS Penalties and Interest?
Short answer: No, tax penalties and IRS interest aren't deductible.
Pay on time or set up a plan to stop interest growing.
Records to keep: Keep receipts, statements (1098, 1098-T, 1099, W-2G), and a note of what each cost was for. Compare itemizing to the 2026 standard deduction before you claim.
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IRS penalties and interest
Varies
Individuals / Personal Taxes
Other Expenses
Personal Tax Deductions
No, tax penalties and IRS interest aren't deductible.
BizWriteOffs provides educational information only and is not tax, legal, or accounting advice. Deductibility depends on your specific facts and records. Consult a qualified tax professional.
Business justification
No, tax penalties and IRS interest aren't deductible. Pay on time or set up a plan to stop interest growing.
Category
- Personal Tax Deductions
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