Fees related to personal credit cards are generally not tax deductible. If you use a card for business purposes, you can ...

The sweeping Big Beautiful Bill passed this July includes several household-level tax changes that could reshape how many ...

The government stopped allowing a tax deduction for credit card interest in the 1980s. Interest on student loans, mortgages, home equity loans, and business expenses are still tax-deductible ...

Of all the documents you shuffle as you get your tax return ready, keep an eye out for one from your credit card company. Year-end credit card statements from 2015 can cut your tax-time workload ...

A tax credit refers to the specific amount taken away from what a person owes. For example, if you receive a tax credit of $2,000 on a $4,500 tax bill, it would be reduced to $2,500.

More people fell behind on their credit card payments in the first quarter than at any time since 2011 as high interest rates make card debt more burdensome, and inflation pressures household budgets.

Credit cards may charge a variety of fees, but they can't be deducted from your taxes for a personal credit card. However, credit card fees on business cards are considered one of the costs of ...

Are Credit Card Fees Tax-Deductible? The short answer is, it depends. It largely depends on whether any credit card fees are incurred for business purposes or if the card was for personal use.