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Credit Cards to Pay for Taxes, Is This Possible?

Credit Cards to Pay for Taxes, Is This Possible?
Credit Cards to Pay for Taxes, Is This Possible? (PHOTO: EYE OF THE FLYER)
Credit Cards to Pay for Taxes, Is This Possible?

Credit Cards to Pay for Taxes, Is This Possible? (PHOTO: THE CREDIT SOLUTION PROGRAM)

It seemed to be exciting to pay taxes using a credit card. Ultimately because you can enjoy at least 21 days grace period on your paycheck and might even get an award.

 READ ALSO: $17.6 Billion Surplus For Tax Rebates Budget Proposal By Gov. Tim Walz

Credit Cards For Taxes, Should You?

The grace period does not include any processing fees together with credit card paychecks that may exceed the process. So, if you can pay taxes through your credit cards, is it worth it?

Given below are the reviews if you can pay taxes via credit card and their benefits and downside.

Pay Taxes Via Credit Card

It is possible to pay taxes through credit cards, however, should you pay via credit cards?

Paying taxes through your bank accounts and credit card payments are far different from each other, the latter is not free. You’ll end up paying a fee that is a part of your tax payment. The fee you have been charged depends on the payment processor of your choice.

Using Credit Cards For Taxes, Can You?

Costs of paying taxes with a credit card

These are the fees for each payment processor the IRS broke down.

  1. PayUSAtax.com = 1.96% fee, minimum is $2.69
  2. Pay1040.com = 1.87% fee, minimum is $2.50
  3. ACI Payments, Inc. = 1.98% fee, minimum is $2.50

Fees might be higher if you decide on paying with an integrated IRS e-file and e-pay service provider.

    4. PAY1040.com/SpecialOffers/TurboTax = 2.49%, minimum is $3.95

    5. Fileonline.1040.com = 2.35% fee, minimum is $3.95

    6. FileYourTaxes.com = 3.93%, minimum is $2.

READ ALSO: $5oo For American Residents’ Monthly Direct Payments – Read To See If You’re Qualified

 

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