Episode Description
If you’re based in the US and listening in real-time, this is a very special time of year. Tax Day is just around the corner: the annual day on which your income tax returns are due to be submitted to the US government, and you may have the lovely experience of having to make a tax payment to the IRS. However, one thing that greatly lessens the sting of paying a large tax bill is the opportunity to earn a lot of credit card points.
Of course, you may have additional tax days throughout the year, but this is the big one. So, how can you leverage Tax Day to earn more credit card points? Simple: you can pay your taxes using a points-earning credit card, with the potential of earning hundreds of thousands of extra points!
If you’re a high-earning professional or a self-employed business owner, your tax expenses represent an enormous points-earning opportunity that you may not even be aware of. So, tune in this week to start evaluating whether this doing so is the right decision for you, the fees involved, and the potential payoffs in the form of credit card points. Be sure to come back next week for part two, where I’ll be sharing the specific cards that will allow you to maximize your rewards.
What You’ll Learn from this Episode
- The fantastic points-earning potential of paying your taxes by credit card.
- Why paying taxes by credit card isn’t the right decision for everyone.
- How to go about paying your tax bill by credit card, and why it’s easier than you might think.
- The fees associated with paying your federal income taxes by credit card.
- How to begin the process of calculating whether paying your taxes by credit card is worth the potential points rewards.
- Some examples of the flights you could potentially book by paying your taxes by credit card, even accounting for the processing fee.
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Point Me to First Class is the show for professionals and business owners with higher-than-average personal or business expenses, who want to learn to leverage these expenses into credit card points they can spend on travel.
Each week, I share valuable tips, tools, and strategies to help you uplevel your skills earning and redeeming credit card points, so you can expand your travel and expand your experiences.
