Fees related to personal credit cards are generally not tax deductible. If you use a card for business purposes, you can deduct fees on those cards that the IRS deems “ordinary” and “necessary” for ...

In 2024, credit card companies in the U.S. earned a record $148.5 billion from processing fees charged to merchants. Families paid an average of close to $1,200 in swipe fees in 2024, according to ...

Credit card annual fees can be a turnoff, ... That said, many credit card waive the annual fee the first year, as incentive for you to sign up for that particular card.

If you've ever had a business charge you a fee when paying by credit card, you might wonder if that's really allowed. Here's a look at the relevant rules and regulations.

In 2022, credit card companies charged $14.5 billion in late fees, a fee affecting nearly 1 in 5 adults. In March 2024, the CFPB issued a rule to cap late fees at $8.

If your business accepts card payments, credit card processing fees are obligatory. These fees can cost vendors anywhere between 1.5% to 3.5% per transaction, but the rate depends on a variety of ...