Paying your taxes doesn’t have to be complicated. In fact, the IRS is constantly looking for ways to make it easier for you to settle your tax bill. But can you pay your taxes with a credit card? Keep reading to find out.
Can You Pay Your Taxes With a Credit Card?
The short, simple answer is yes, credit card is one of the many methods available when it comes to paying your federal taxes.
Here’s a handy breakdown of all the options at your disposal:
- Direct Pay is available on the IRS website to make a payment directly from your checking or savings account.
- You can also ask your tax preparer to make an electronic funds withdrawal from a bank account.
- Payments with credit cards are made through payment processors that charge a fee. In some cases, you can make the payment over the phone (visit link for payment processor fees and contact information).
- You can even pay your taxes in cash at a participating retail store ! Keep in mind that you’ll have to pay a fee of $3.99 and there’s a $1,000 payment limit per day.
What To Do if You Can’t Pay Your Taxes
As you can see, there are plenty of options to pay your taxes. All you have to do is to choose the one that works for you.
However, some taxpayers face a more complex problem: they are not able to settle their tax bill.
If you can’t pay your taxes, don’t worry. The IRS offers alternatives such as online payment plans and installment agreements. What really matters is to contact a tax pro as soon as possible, as failure-to-pay penalties can add up quickly.
Finally, remember that the payment information presented here applies to federal taxes only. State taxes have different deadlines and may utilize different payment methods.
Have Tax Questions? JT Tax Services Is Here To Help!
No matter how you prefer to settle your tax bill, at JT Tax Services, we give you the peace of mind that comes with knowing that you are limiting your liability while staying compliant with all regulations.We are located in Oxnard, California.Contact us today by email (firstname.lastname@example.org), telephone (805-984-8890), or through our social media accounts on Facebook, Twitter, and LinkedIn to schedule a consultation or to learn more about our services.