Bail Is Not Tax Deductible, Sorry

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Although it might seem tax deductible because it’s a payment going to the government, bail is not tax deductible. Bail is a guarantee (like a bribe, essentially) to get a defendant to appear in court for a crime they are accused of committing. As long as the defendant is compliant with this and his or her other bail bond terms and conditions are met, then they will get their bail money refunded back to them.

In the case that they choose to bail out of jail using a third party bail bond agency, then they will be losing a little bit of money, in the longer run. The defendant pays the bail bond agency 10-15% of their full bail amount and the bail bond agency will then cover the remainder of the price for the time being. The defendant will need to go to court and respect release conditions just the same, but this time, at the close of trial, they will not be given their money back from the bail bond company.

Bail bonds exist as an alternative method for most people who need to bail out of jail. Getting enough money to pay bail without a bail bond company is incredibly stressful. Most people use a bail bond company, like Rialto Bail Bond Store in California.

To learn more about California bail bonds and how it all works, get in touch with us at 800-793-2245.

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Using Taxes To Your Bail Bond Benefit

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Taxes are the last thing you want to think about or take care of this time of year, but really, they shouldn’t be put off to the last minute. And maybe this year you have better reason to get them done as soon as possible – you’ve got bail bond payments to make.

You might have to pay extra taxes before the close of the year and if so, make sure you have budgeted out your money. You’re going to need to be able to afford your upcoming bail bond payments because if you miss one, the bail bond could be revoked.

You might receive a tax refund from the IRS and if so, then you’ll have a little bit of leeway with your money for the next few months. You can use your tax refund money to pay for bail and get ahead on bail.

The important “take-away” from this: do not fall behind on bail bond payments (and do not lag on taxes!). The sooner you get it done, the more relieved and the less stressed you will be. You’ll be another step closer to paying off the bail bond that you owe, making the end of this process seem much closer as well!

Rialto Bail Bond Store will help you stay on top of the bail bond process but it’s your responsibility too to know what’s going on and what is expected from you. Go over everything as many times as you need – that’s what we’re here for!

Please visit us at Cal Bail Bond Store or call us at 800-793-2245 to get more information.

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