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A comment on Anatomy of a credit card rewards program. Parent comment

Re:Anatomy of a credit card rewards program by ghaff on Thursday April 04, 2024 @09:08AM (#39929920)
There used to be mostly piddling deductions for all sorts of things that you don't have today. It's probably mostly a positive to not keep track of things like sales tax in order to minimize your income tax.
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Re:Anatomy of a credit card rewards program by bombcar on Thursday April 04, 2024 @09:35AM (#39930231)
Deductions also cause people to go temporarily insane - it’s fine paying 5% unnecessarily because I get 2% back on my taxes! Ignore the 3% that is gone forever …
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Re:Anatomy of a credit card rewards program by lupire on Thursday April 04, 2024 @11:22AM (#39931569)
Sales tax deduction still exists. 2017 law temporarily lowered but didn't eliminate it.
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Re:Anatomy of a credit card rewards program by brewdad on Thursday April 04, 2024 @01:33PM (#39933493)
IF you itemize. 90% don't. Also, you can only deduct sales tax OR state and local income taxes but not both.
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