Taxes

Tag Archives for Taxes.

Buying miles and points from the IRS with reloadable prepaid cards

This is the sixth and final post in a series dedicated to analyzing options for earning points and other rewards when paying federal taxes.  If you haven’t already, please review the earlier posts: Buying miles and points from the IRS: debit cards Buying miles and points and cash from the IRS with credit cards Buying perks and points from the IRS with credit cards Buying miles and points from the IRS with Amex gift cards…

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Buying miles and points from the IRS with Visa/MasterCard gift cards

UPDATE: This post is out of date. . This is the fifth post in a series dedicated to analyzing options for earning points and other rewards when paying federal taxes.  If you haven’t already, please review the earlier posts: Buying miles and points from the IRS: debit cards Buying miles and points and cash from the IRS with credit cards Buying perks and points from the IRS with credit cards Buying miles and points from…

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Buying miles and points from the IRS with Amex gift cards

UPDATE: This post is out of date. . This is the fourth post in a series dedicated to analyzing options for earning points and other rewards when paying federal taxes.  If you haven’t already, please review the earlier posts: Buying miles and points from the IRS: debit cards Buying miles and points and cash from the IRS with credit cards Buying perks and points from the IRS with credit cards In posts outlined above, I…

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Buying perks and points from the IRS with credit cards

UPDATE: This post is out of date. . Is it worth paying taxes by credit card if you pick the right card to use?  Do credit card perks make up for the fees associated with paying taxes via credit card?  In recent posts, I showed how you can use federal tax payments to essentially buy points and miles (and even cash).  Please see: Buying miles and points from the IRS: debit cards Buying miles and…

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Buying miles and points and cash from the IRS with credit cards

UPDATE: This post is out of date. . UPDATE: The Barclaycard offer referenced below is no longer available. Click here to find updated offers. Yesterday I showed how to earn miles by paying taxes via debit cards (see “Buying miles and points from the IRS: debit cards“).  Today we’ll take a look at rewards credit cards. If you have very large estimated or year-end tax payments you’ve probably wondered if you could profit by paying…

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Buying miles and points from the IRS: debit cards

UPDATE: This post is out of date. . If you have large estimated or year-end tax payments you’ve probably wondered if you could profit by paying your taxes with a rewards-earning credit or debit card.  The answer is unequivocally “yes”.  The trick is to make sure that the benefits you get from your card outweigh the tax payment fees.  Here is a chart (provided by the IRS) that shows the fees associated with paying taxes…

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Pay federal taxes by credit card, almost for free

Recently I detailed how to “pay federal taxes via credit card for free.”  The process works, but is fairly complicated: first buy Amex gift cards and get cash back, then use those Amex gift cards to buy $1000 Visa gift cards, then use those Visa gift cards as debit cards to pay taxes at a very low rate.  If you need to use more than two debit cards, then you need to call in to…

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Pay Federal Taxes via Credit Card for Free

Avid points & Miles collectors are always on the lookout for opportunities to increase credit card spend without fees.  Taxes, mortgage payments, rent payments, car payments, etc. are great examples of large expenses that many would like to pay with credit cards, but high fees for paying by credit card are often a barrier. For Federal Taxes, the IRS maintains a web page that links to service providers who make it possible to pay taxes…

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How to earn 5 points per dollar paying taxes

Thanks to Chase’s line of Ink charge and credit cards, it is fairly easy to earn 5X on virtually all credit card purchases.  If you’re not already familiar with these techniques, please read “One card to rule them all” and “Almost too good to be true” for background.  People frequently ask me, though, how they can earn 5X for common big expenses that aren’t usually paid by credit card: mortgages, student loans, taxes, etc.  Today…

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