Will I Have to Pay Taxes on My Credit Card Rewards?
As the old saying goes, there’s no guarantees in life but death and taxes. And while you will eventually experience both of those things, thankfully they will not be the result of all of your actions. For example, the rewards you earn from your credit cards are generally not tax deductible. Here's how cash back credit card rewards escape taxation. The credit card industry is extremely competitive, and card issuers will offer generous amounts of points, miles or cash back… Read More