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Bail Is Not Tax Deductible, But Modesto Absolute Bail Bonds Considers Your Finances
Although tax season just ended and taxes is the last thing you want to think about right now, it is important for us to acknowledge that bail is not tax deductible. It’s something we must answer because many people ask this question. People are arrested right and left and with such a large amount of money going towards their bail, they wonder if they can write it off in their taxes. Unfortunately, no.
You are paying the bail bond company who is helping to get your loved one out of jail. This involves the government, obviously. But bail is really a guarantee/ surety so that the defendant will return to court as they promise to, as part of their release conditions. So, it is not tax-deductible.
If money is your concern, Modesto Absolute Bail Bonds can help resolve some of this. Bail bonds are sent up on a payment system so that each month, the payment is a low amount of money. After so many months, the bail bond will be paid off. Modesto Absolute Bail Bonds accepts cash, credit, debit, and checks; there is a convenient online payment system. You can even use your tax return money towards bail bond payments. In total, you’re only paying 10-15% of the bail bond and for qualifying individuals, financing and discounts are available.