History of credit card interest deduction Click to expand Key Takeaways You can't deduct personal interest paid on credit cards for personal purchases. You can typically deduct credit card interest on business purchases as a business expense. The Tax Reform Act of 1986 eliminated the dedu...
You are probably aware that if you fail to pay your credit card bills or other loans on time, your credit rating can suffer as a result. Not paying your income taxes on time could potentially have similar results to your credit rating. Watch this video t
Still, the card’s balance transfer terms are competitive with those from niche providers. And even though new PNC customers may need to call or visit a branch to apply, the card's wider availability makes it the best choice for most small-business owners. ...
THE CASH REWARDS SWEET SPOT At one point in my credit card collecting, I realized that I had achieved a cash rewards credit card sweet spot. I compare this to a straight flush in the card game of poker. The blog post,A Two-Pronged Credit Card Rating System (Part 2 – June 2019)goes...
Claiming foreign income on your tax return The IRS requires U.S. Citizens and U.S. Resident Aliens, both those who have a U.S. Green Card and those who meet the substantial presence test, to report and pay taxes on their worldwide income. That said, there are certain implicat...