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Will Credit Card Rewards Soon Be Classified as Taxable Income?

Will Credit Card Rewards Soon Be Classified as Taxable Income? - TaxACT

What’s considered taxable income? Just about anything you can think of, according to this list on the IRS website. However one thing you will find notably absent are credit card rewards. At least for now, but will that soon change? The reason credit card rewards have typically not been counted as taxable income is because […]

Why Credit Card Tax Payments Are [Usually] a Bad Idea

Why Credit Card Tax Payments Are Usually a Bad Idea - TaxACT

These days almost everyone accepts plastic, including the IRS. Thanks to the Taxpayer Relief Act of 1997, the federal government accepts income tax payments by “any commercially acceptable means,” which includes debit and credit cards. But just because you can do something, it doesn’t necessarily mean you should. More often than not, paying your taxes with a […]

10 Free Credit Card Benefits You Might Not Know About

10 Free Credit Card Benefits You Might Not Know About

Did you know, for most people, the number one reason for paying with plastic is to earn rewards. Is this your main use of credit cards? You may be surprised to learn that your credit card benefits programs – if used strategically – may end up being worth even more than the rewards you earn!

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