It can be pretty stress-inducing to find out you owe money to the IRS. Maybe you’re a small business owner who had fewer deductions this year, or maybe you added a side hustle and didn’t set aside enough money to pay the self-employment tax.
As a simple solution, you might be wondering: “Can I pay my taxes with a credit card?”
The answer is yes. The Taxpayer Relief Act of 1997 makes it legal, and it’s not difficult. In fact, thanks to all the great sign up bonus cards out there, there are benefits to putting your tax bill on a card even if you do have cash on hand.
$2.58 flat fee
$2.55 flat fee
Varies by debit card type and amount
Varies by credit card type and amount
How to pay taxes with a credit card
The IRS allows you to make both credit and debit card payments, and it’s a pretty simple process. … Read More