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Taxation & Estate Planning

: TaxProf Blog

American Express Reward Points Can be Used to Pay Taxes

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American Express announced on Monday that cardholders can use rewards points to pay their federal, state, and local income tax payments via Pay1040.com and OfficialPayments.com. But the exchange rate is quite onerous -- 200 points are needed for each $1 in taxes (thus it will take 1 million points to...

Full post as published by TaxProf Blog on January 13, 2010 (boomark / email).

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