All the Hacks with Chris Hutchins
Earning Points on Taxes, Navigating Market Volatility, Stacking Deals and More
Apr 9, 2025
Learn how paying taxes with a credit card can unlock incredible rewards while potentially turning a profit. Discover strategies for navigating market volatility and investing cash wisely over a five-year horizon. Delve into the art of stackable credit card offers and regional savings through VPN usage. Explore personal anecdotes showcasing successful shopping tips and tax-saving techniques. Unlock insights on tax loss harvesting to reduce liabilities and adapt your investment strategy for current market conditions.
45:09
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Quick takeaways
- Paying taxes with a credit card can strategically earn rewards, potentially turning tax payments into profit when fees are exceeded by rewards.
- Engaging children in financial activities, like reselling gift cards, fosters financial literacy and responsibility while maximizing savings through stacked offers.
Deep dives
Maximizing Tax Payments with Credit Cards
Paying taxes with a credit card can be a strategic move to earn rewards or bonuses, despite associated fees that typically range from 1.75% to 3%. To achieve a positive return on investment from this method, it is essential to use a credit card that offers rewards exceeding the fees incurred. For example, a card that provides 2% cash back would result in profits if the transaction fee is 1.75%. Moreover, individuals can further maximize benefits by utilizing sign-up bonuses that require high minimum spends, effectively turning tax payments into profitable rewards opportunities.
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