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Pago de impuestos atrasado versus pago con tarjeta de crédito

Paying Taxes Late vs. Paying with a Credit Card

Wondering ‘can you pay taxes with a credit card?’ Pondering if it’s a good idea at all? If you’re still totally undecided, then perhaps we can help. Here’s a handy little chart we assembled to weigh the various options when you either pay taxes with a credit card or just pay your taxes late.

Pay Taxes Late Pay Taxes With a Credit Card
  • Accrue interest: 5%-10% per year
  • Set up payment plan at own rate
  • No rewards (frequent flyer miles, etc.)
  • Agreement fees (up to $105)
  • Late payment can mean fees from IRS
  • Worries of an audit
  • Automatic deduction
  • If owe over $25,000, setting up a plan may be tough
  • IRS could work with you
  • Accrue interest: 0% at first with new card, up to 25% later
  • Payments are pre-determined
  • Rewards possible (cash back, merchandise, etc.)
  • Processing fees (2%-3% or flat rate)
  • Late payment can mean instant interest raise or credit problem
  • Ease of mind from not dealing with the IRS
  • Automatic deduction
  • If owe over $25,000, paying all at once may be impossible
  • Credit card company may not be as flexible

As you can see, some of the points are fairly even, though if you pay taxes with a credit card it could be more costly in the long run. A lot of this depends on how much you’re paying to the IRS. The more you owe, the more likely you’re going to have to set up a payment plan.

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