Are Association Fees Tax Deductible? In general, homeowners, condo and co-op association fees for a personal residence are not deductible from taxes. If you use the property to earn money, for example by leasing it out or running a business, you may deduct those of out-of-pocket expenses for running your business. As examples, association fees can be lowered from a landlord’s total rental property expenses. Check with an expert on taxes before claiming any deductions, since the rules depend on the way the property is categorized.