Using a credit card to pay taxes involves fees that can often exceed rewards. But using the right strategy can net you a slew of credit card points and miles.
Yes — and with the right strategy, it can be a particularly lucrative decision for points and miles enthusiasts.Can you pay taxes with a credit card?
Decide if paying taxes with a credit card is worth the fees The many ways to pay your taxes to the Internal Revenue Service include check, an ACH debit, wire transfer, cash payments, installment payments and yes, even credit cards. Given the fees, some experts suggest avoiding paying taxes with a credit card entirely. And if your card nets you less than 1.87% back in rewards, then certainly stop reading now, as you’ll owe more in processing fees than the value of your rewards.
Charge taxes to help earn a big introductory offer Many rewards credit cards offer introductory offers, where you can quickly amass a giant stash of points for hitting a certain minimum spending threshold within a relatively short period of time. Often, the biggest point bonuses are tied to bigger spending requirements.
Say you owe $15,000 in taxes and would owe $280.50 in Pay1040 fees. But if you charge it to the right Hilton credit card, you could walk away with a free night certificate and redeem it for a room at Hawaii’s opulent Grand Wailea Resort, which otherwise typically costs between $1,200 and $2,000 per night.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Britney Spears calls out ex Justin Timberlake for 'using' her for 'fame'Britney Spears seemingly took aim at ex boyfriend Justin Timberlake and members of her family in a new-deleted Instagram caption
Weiterlesen »
To White People Using Will Smith to Self-Victimize: It’s Not About YouOpEd: “Will Smith isn’t your abusive daddy or ex-boyfriend, and Chris Rock is not you as an abuse survivor claiming to be triggered by a single slap.”
Weiterlesen »
US biofirm plans to make hypoallergenic cats using CRISPR gene editingA US company has deleted the genes for the allergy-causing protein in cat cells as a first step towards creating cats that don't trigger allergies
Weiterlesen »
Sudan's Central Bank Warns Against Using Crypto as Economy Suffers: ReportSudan's central bank has warned citizens against using cryptocurrencies over financial and legal risks. By iamsandali
Weiterlesen »
‘Immoral and unethical’: Airbnb accused of using ‘astroturf army'From stacking public comments to providing talking points, the company enlists the power of its hosts to shape regulation of short-term rentals.
Weiterlesen »
Better double-check your tax return if you've been using the CRA's Auto-fillBetter double-check your tax account if you've been using the CRA's Auto-fill — via financialpost CRA taxaccount
Weiterlesen »