by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jun 21, 2023 | Credit Cards, Tax Credits
!Today, we address a common question that often arises when it comes to credit card rewards: Are they taxable? Rewards That Are Considered Income: Bank account signup bonuses are considered interest income and may be taxed. “Refer-a-Friend” bonuses are...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jun 10, 2023 | Credit Cards, Tax Advisory
Guess what? Great News! Use your credit card to pay off your Federal and California tax balances. How cool is that !? And the best part is that you might even earn some awesome credit card rewards, points, or cashback on your tax payment. Cha-ching! But before jumping...
