Sorry if this is the wrong thread but hoping someone knows the answer.
Can anyone confirm if Sutton GC (Master card) or Vanilla Visa GC work on the ACI or pay1040.com www sites to pay taxes?
Here is what I found a few minutes ago from a frequent flyer www site.
Key point i learned from AM search is that you are limited to 2x payments per WWW site, but if you are married filing jointly both you and spouse can burn 2x $500 GC (if they indeed work). So with 2 sites, and 4 payments per site, you can burn 8 $500 Visa/MC GC in total. Since I earn 5% on Drug store and Grocery purchases I can make some money on this strategy.
Thanks in advance for sharing, I think Sutton is out, but there is hope for Vanilla or sending to paypal and suing that portal to drain
From freq flyer www site
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Visa and MasterCard gift cards are debit cards. As such, they qualify for low flat fees for debit tax payments: $2.10 or $2.15 (depending upon the tax processor you use). In other words, your cost to liquidate $500 gift cards will be slightly less than half a percent. That’s pretty cheap.
If you use $500 Visa/MasterCard gift cards, then you can pay the following amounts:
- Pay1040.com ($2.15 fee): Make a $497.85 payment with a $500 gift card.
- What is known to work:
- What is reported not to work:
- ACI Payments ($2.10 fee): Make a $497.90 payment with a $500 gift card.
- What is known to work:
- What is reported not to work:
The biggest problem with this (besides the fact that what works and what doesn’t work keeps changing!) is the IRS imposed 2 payments per processor limit. This means that you can liquidate no more than 4 gift cards per type of tax payment now that PayUSATax is no longer available. In the past, Official Payments allowed more.