Are bonds tax-deductible?

Bond premiums are generally considered a business expense and may be tax-deductible. Consult a tax professional for advice.

Bond premiums are typically tax-deductible as a business expense. Consult a tax professional to ensure compliance with tax laws.

A company deducts the cost of their fidelity bond premiums when filing business taxes, reducing their taxable income.

Discuss with your broker the possibility of securing bonds even with credit challenges, as options exist for high-risk businesses.