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We’ve got some bad news for you: Payment processing fees most likely outweigh any benefits earned from paying your taxes with a credit card. To be clear, the IRS does allow Americans to pay ...
And, in a twist, another tax-related way to lower your credit card interest payment is to spend any tax refund the IRS sends your way toward paying off your credit card debt. You may not be ...
For example, if you transfer $6,000 in credit card debt to a card offering 0% intro APR for 18 months, you could pay off the full amount by making $333 monthly payments with no added interest charges.
Make sure to check the fees, because paying with a credit card on a $5,000 tax bill, for instance, can cost you up to $99. These fees can also reduce or eliminate any benefit you get from earning ...
However, the payment processor will charge a fee for processing the credit card payment and the taxes owed. The IRS allows taxpayers to settle their outstanding tax bill through a credit or debit ...
A 0% intro APR credit card can be a useful way to pay for large purchases or consolidate high-interest credit card debt, acting like a no-interest short-term loan if used responsibly. And it ...
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