12 Aug Sorry, Bail Is Not Tax Deductible
Even though tax season is far away, if you need to pay for bail, you might be wondering (and hoping) if it is tax deductible. Well, the answer to that is no, bail is not tax deductible. Even though it is a payment being made to the government, it is really a guarantee to the government and court that the person who the bail is for, will go to court when he or she is asked to. This money, if paid without using a bail bond, can be refunded if the person who the bail is for cooperates.
Bail bonds are ideal when a person is unable to front all the money for bail themselves. Bail bond companies like Victorville Bail Bonds exist to help individuals post bail so they can get out of jail. That person, or someone on their behalf, will pay a 10% fee to the company, and the rest is easily taken care of through collateral. The fee is not refunded, but collateral is as long as the person who the bail bond is for goes to court when he or she is ordered to.
If you would like more details on bail, bail bonds and our services, you can check out our website or call Victorville Bail Bonds at 760-241-2245. Don’t miss this opportunity to get yourself or someone you know out of jail!