Comments on: Get 2.63% Cash Back on IRS TAXES (really!)

By: naga

naga — Mon, 06 Oct 2008 04:30:45 +0000

BTW party is over. Citibank no longer offers 5% card. Love to hear nay other card that doe it as I have large property tax bill

By: JOE

JOE — Sat, 12 Jul 2008 13:15:04 +0000

OK WAIT A MINUTE!! you will have 30 days or less after paying the taxes, then your CARD co. will require you to pay the whole 10249 or suffer CREDIT CARD interest on that amount @ upto 40%. So unless you have lots of cash laying around your GUNNA TAKE A BIG HIT!!! So Watch it my friend, (always look at the whole picture). OK groan about what i said but its true never the less hava good day, be smart

By: Bill

Bill — Mon, 28 Apr 2008 19:06:29 +0000

I used the Citi bank card to pay my taxes……worked very well got the 5% cash back card……paid my taxes got 21/2% return…..

By: Jim

Jim — Sat, 29 Mar 2008 16:41:21 +0000

Pay1040 website FAQs states:

Will I be charged a cash advance fee?
No, your tax payment will be treated like a retail purchase and not a cash advance.

By: Jason

Jason — Mon, 24 Mar 2008 18:43:55 +0000

Not worth the risk if Citi considers this a cash advance.

By: Dan the plumber

Dan the plumber — Fri, 29 Feb 2008 22:56:44 +0000

Capital One credit card are a good one which gives the 1% cashback plumber

By: Peter

Peter — Thu, 28 Feb 2008 20:50:51 +0000

What is a good credit card to get these days? It will be my first credit card.

By: John

John — Thu, 28 Feb 2008 05:16:49 +0000

If you overpay IRS they send you back your money + 6%. It turns out to be a really good investment !

By: NT

NT — Mon, 11 Feb 2008 22:02:21 +0000

paying taxes does not appear to be eligible for this – it only applies for purchases and advances

By: jim

jim — Sat, 09 Feb 2008 05:15:06 +0000

this sounds really shady, i wouldn’t advise doing something like this…

By: David

David — Fri, 08 Feb 2008 17:19:06 +0000

I think Turbotax uses Official Payments for people that want to pay with a credit card, thus you would have to pay the 2.49% fee anyways.

Beware that Citicard might not consider this a purchase but rather more something of a cash advance. In that case they would not give you the 5% and you would still get stuck with the 2.49% fee!! This is too risky for me.

By: rick

rick — Fri, 08 Feb 2008 16:23:40 +0000

I assumed that was what i wrote, as I will owe. I’m quite sure that you can pay turbotax folks via credit card just to file or use their software, but i owed last year as well, and i didn’t remember if they (IRS or turbotax ) gave you an option to pay via Credit cards or not. *shrugs*

If they allow you to make the tax payment you owe via crecit card using one of the tax prep companies is the real question.

By: uhh

uhh — Thu, 07 Feb 2008 20:07:39 +0000

rick: this is talking about the tax *money* you owe, not the cost of submitting your tax documents. and bankaholic people – this is basically straight from mymoneyblog.com – feel free to give them some credit.

By: rick

rick — Wed, 06 Feb 2008 21:23:17 +0000

could you file using a service like turbotax, to pay your taxes?

if so, perhaps you can bypass the 2.49% fee and just pay whatever turbo tax costs.

That is if you can use a credit card as a form of payment to the IRS through turbotax.

then it would be a between whichever is cheaper the 2.49% or the turbotax fees.

thats my $0.02

By: g

Wed, 06 Feb 2008 20:19:51 +0000

…all purchases. Citi card may not consider this a purchase, watch.