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Thread: US Bank Smartly Visa, 2-4% cashback on everything.
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Old Jan 11, 2025 | 4:57 pm
  #64  
silver6054
10 Years on Site
 
Join Date: Nov 2011
Posts: 1,945
Originally Posted by Boraxo
I
correct. The additional income will have zero effect on the tax you pay on other income. But the fed+state tax may dramatically reduce your ROI on this card. Compare to points and miles cards which are never taxed.
Well, depends. There are tax cliffs in the system. For older people, one is Medicare IRMAA, make under the threshold and you pay no extra for the premium, $1 over in MAGI makes you pay $80 per month extra, x2 is you are married filing jointly (and bigger increases at other income levels)
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