YEL and Taxation

YEL-fees are deductible in full in taxation. The main rule is that the deduction is made by the person paying the YEL-fees. Consequently, if the fees are paid by a company, the company makes the deduction and, if the fees are paid by a self-employed person, the self-employed person makes the deduction. The deduction may be made from the self-employed person’s own or his/her spouse’s earned income.