Home Personal Finance Should You Pay Your Taxes With a Credit Card? | Money.com

Should You Pay Your Taxes With a Credit Card? | Money.com

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You should only use a credit card if and only if the following conditions are met:

  1. You can pay off the balance every month so that you don’t pay interest or late fees.
  2. You don’t pay a convenience fee by the merchant for doing so (in this case, the IRS does charge one)

A bonus reason in favor of using credit cards is that you get a reward for doing so….such as 2% cash back.

In a perfect world, you’d never owe the IRS a cent on tax day. But what if your world isn’t perfect and you owe the IRS a lot of money on April 18? You might be tempted to simply pay your debt to the IRS with your credit card.

Read Full Story: Is It Ever OK to Pay Your Taxes With a Credit Card? | Money.com