Source: Business Insider
In the past, my husband and I have prepared for tax season by going through all our credit card statements and highlighting any tax-deductible items. Things are much simpler now that we have a card that offers a year-end summary with category breakdowns. We can quickly see how much we spent within a particular category, and this helps us save money by identifying tax-deductible expenses. Most cards offer year-end summaries with category spending breakdowns, from Visa Signature cards like the Chase Sapphire Preferred Card to cards from American Express. See Business Insider’s list of the best rewards credit cards » I regret that taxes weren’t a required class in high school or college. Given all the complicated laws — and the fact that it’s something we all have to deal with in one way or another — it’s disappointing that we’re not better prepared to take on this task. Even with straightforward programs like TurboTax , filing for taxes can be daunting. The tax season in my house is stressful, as I’m sure it is for a lot of Americans.