Freight broker bond (BMC-84)
$1,000-$10,000/yr
Can You Write Off Freight Broker Bond?
Short answer: Yes: the annual premium for the $75,000 broker bond is deductible.
Collateral posted for a trust instead of a bond isn't an expense.
Records to keep: Keep receipts, 1099s and platform tax summaries, a mileage log, and a note of the business purpose.
BW-B22-01694
low risk
Freight broker bond (BMC-84)
Typical range: $1,000-$10,000/yr
Logistics / Trucking / Delivery / Last-Mile
Insurance & Licenses
Write-Offs by Profession
Yes: the annual premium for the $75,000 broker bond is 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
Yes: the annual premium for the $75,000 broker bond is deductible. Collateral posted for a trust instead of a bond isn't an expense.
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- Write-Offs by Profession
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