pay taxes with credit card

pay taxes with credit card

Stop Using Credit Cards To Pay Taxes By 2026

Paying taxes with a credit card is a losing proposition by 2026 because processor fees exceed most rewards, making debit cards the cheaper alternative. The IRS-approved processors charge a percentage fee that quickly outweighs cash-back or points, especially on larger tax balances. In 2024, IRS-approved processors imposed a 1.85%