Should You Pay Taxes with Credit Card? 2024

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Did you know that the IRS can help you earn credit card points? In this video, we'll go over the fees, possible benefits, and how to calculate if paying taxes with your credit card maximizes your points.

💬 Comment if you have any questions!

📕 Chapters
00:00 Intro
00:24 Fees for Paying Taxes with a Credit Card
01:41 Welcome Bonuses
03:19 Unlock Credit Card Benefits
03:56 Credit Cards to Pay Taxes With
04:11 Personal Credit Cards
05:34 Business Cards
07:06 Additional Tips
07:44 Closing
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Have had the VX for a bit now! Highly recommend, even if you just travel 1 time a year!

collinsilvers
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You should add your excel file to share with everyone . It would be fun to use it and adjust it for my situation

mrcoolman
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Being self-employed, one thing that has worked well for me is putting money (each time I get paid) into a High Yield Savings account. The one I'm using is paying 4.8% interest. Each month, based on how much you have in there, you get the interest added. I wonder how it compares to using a credit card for paying taxes. Of course, I pay quarterly payments instead of a one-time payment.

mitchielou
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Ive started to do this. Great way to meet the spend & get those ppints.

kimgrod
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Do you share the spreadsheet you are using in the video?

samustewa
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Can I pay taxes with like multiple cards say I wanna pay 2k for my amex gold and then the rest on another card is that possible? I just wanna get my sign up bonus please help me quick brotha

zero
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All that time I thought you are from Canada 😂😂 Thank you for another great video 👏

minavu
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Can you do a video about cards with yearly spend bonuses? Like FNC with Hilton Biz?

LK_EBM
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Hey Max! What's that black stock trading art piece called?

WondererFree
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Hey Max, I really appreciate your videos. Do you think you can make a video about 1040-ES? Understanding this is basically required to do this paying taxes with credit cards game. Thank you!

joonchong
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Great vid Max! Currently trying to pay my federal taxes and workin on the amex biz gold and blue biz cash SUB. How can I "split payments across multiple cards" like you mentioned in this vid on the 3rd party payment of the IRS. Doing 2 transactions w both cards instead of just one transaction?

Vanjo
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Hi Max, what payment processors do you use? Trying to decide on one of the 3rd party payment processors. I just did a google search on them and seem to have scary reviews.

denissatria
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me and my wife got declined trying to get Marriott Boundless recently 😔. I did signed up for 2 hiltons which are the Aspire and also Honors last year around april.

I'd still charge my property tax on credit cards, just confused between CSR vs. Venture X every time.

Thank you for another great video.

aoice
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Should I use my American platinum card to pay my taxes ?

inacioneto
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Should I pay my statement balance or pay in full for my credit card, and why?

phupham
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Even at 75-80k net, you will pay at least $8-9K

dsdddsdwe
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So is it OK to assume you can use the American Express gold charge card to pay your taxes and have it go towards the minimum spend for the welcome bonus?

bcord
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So can I pay my taxes (W2+Real estate) with a business credit card?

smm
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Amex is Ok at using the CC to pay for taxes and counting towards intro bonus. Capitol one does not allow it. I asked!!

dgasmd
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if i owe 700k in taxes not sure how they will let me put that on any cc besides a black card

shejustcant