2250
4 min 51 sec

Q&A: “Can you pay taxes on a credit card to earn cash back?”

Tax season is coming up for many of us in the U.S., so today a caller wants to know about paying taxes on a credit card that offers cash back. Is this an all-new side hustle??

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What It's About

Should we all get excited about paying taxes?

Notes from Chris

Episode 2250
If you’re going to pay taxes—and there are worse problems in life—you might as well do all you can to save on them. That’s my perspective: don’t complain, but definitely take deductions, credits, anything you’re entitled to.

That season is coming up for many of us in the U.S., so today a caller wants to know about paying taxes on a credit card that offers cash back.

Is this an all-new side hustle? Might there be some drawbacks? Let’s find out!

"It's that time again: tax season is coming up. This year, I owe a good amount of money, in part because I made $15,000 in my side hustle. Thanks for the tips!

But of course, now I owe some money on the money I've made. Fortunately, I set aside 30% of the profit as you suggest, but I'm wondering if there's a way I can use a credit card to earn cash back on the money I pay to the government. Is that a wild idea, or am I on to something?"

Listen to today's episode to learn more...

 
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Inspiration is good; inspiration combined with action is better. Now get back to work!

Yours in the revolution,

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To infinity and beyond,

Chris Guillebeau