IRS | Credit Card Topics

All articles tagged IRS (7)

SaverLife Resources Help Consumers Make the Most of Their Income and Maximize Tax Refunds

By: Jon McDonald, 3/8/2022

In a Nutshell: When consumers live paycheck to paycheck, even minor unexpected financial expenses can send them into crisis. But those consumers have significant tax breaks available — if they know how to use them. SaverLife helps people understand the latest changes in the tax code, including the Child Tax Credit and the Earned Income Tax Credit, with its 2022 Tax Guide. And beyond tax time, SaverLife is an indispensable resource for learning how to build a nest egg through tax... read more »

Can You Pay Taxes With a Credit Card?

By: Marcie Geffner, 2/9/2022

When the calendar turns to February, taxpayers turn their attention to the annual ritual of preparing their tax returns. A refund may be in store for some people, but if you owe additional taxes, you’ll have to figure out how to pay them. You may wonder if you can use a credit card to do it. The short answer is yes, you can. The IRS and many state tax authorities accept credit card payments. The caveat is that "Can you?" may not be as important a question as "Should you?"... read more »

7 Best Credit Cards for Tax Payments (June 2023)

By: Eric Bank, 1/3/2020

Sometimes, tax payments are due, but the cash isn’t there. Even if you have the cash, you may want to use one of the best credit cards for tax payments to reap a signup bonus. On the other hand, if you need an extended period to pay, you can choose a card with 0% financing. In either case, you’ll need a new credit card to grab the introductory perks. Read on to discover the 10 best credit cards for tax payments -- one or more may suit you perfectly. Overall | Signup Bonus | 0%... read more »

10 States with the Lowest Average Tax Refunds

By: Matt Walker, 2/20/2019

It’s that special time of year that makes Republicans, Democrats, and independents cringe while CPAs crack their knuckles as they prepare to eschew the sunlight for several months. It’s tax season. While you would be hard-pressed to find a U.S. worker who is excited about tax season, plenty of people enjoy seeing a nice, hefty refund check hit their bank accounts. A lot of factors go into determining how much a household must pay in federal taxes in any given year. And the... read more »

10 States with the Highest Average Tax Refunds

By: Matt Walker, 2/7/2019

The United States has a long, and at times, contentious history with taxation that even predates the founding of the country. Going all the way back to the days when the U.S. was a British colony, citizens were pushing back on what they saw as an unfair tax system. The protests around “taxation without representation” eventually led to the American Revolution and the birth of the United States. Today, there aren’t many citizens dumping tea in the Boston Harbor in protest, but... read more »

Credit Karma Tax™: The Consumer Credit Site Trusted by 60 Million Users Launches Its New, Completely Free Tax Filing Service

By: Sean Garrity, 1/11/2017

In a Nutshell: From our very first paychecks on, all Americans learn an important lesson: taxes stink. From paying them to filing them, taxes are just a pain; a pain in the neck, and a pain in the pocketbook. Even trying to take some of the sting from the process by using a "free" tax preparation method doesn't help; it turns out it's hard to find a supposedly free service that isn't hiding fees and add-on costs. At least, it was -- until Credit Karma Tax. A tax preparation platform... read more »

10 (Unbelievable) Government Credit Card Abuses

By: Logan Ladnyk, 7/9/2015

Remember when an audit found Pentagon employees spent more than $1 million at casinos and adult entertainment? It's just part of a much larger pattern of abuse. In 2008, a Government Accountability Office report noted that government-issued cards could be easily abused. Since then, controls have been implemented but fell drastically short, as scandals came out every few months. The Government Charge Card Abuse Prevention Act, passed in 2012, was designed to combat these problems. ... read more »

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