Paying taxes with credit card
Mar 31, 2018, 4:07 pm
#61
Join Date: May 2013
Programs: UA Au Marriott Ti Hilton C
Posts: 159
Thank you. I don’t have the Chase FU or BA cards you mention. I do have CSR and, as much as I like UR points, the ability to SPG points to 3x Marriott justifies the 1.87% fee.
This was talked recently in another thread (closed now).
Mar 31, 2018, 6:14 pm
#62
Join Date: Mar 2007
Location: S Cal
Programs: AA Lifetime Plat, United Silver, Marriott Plat, IHG Plat
Posts: 1,142
Apr 6, 2018, 1:00 am
#63
Join Date: Dec 2017
Posts: 463
According to DOC, you can get 5% back by paying your taxes with Paypal through PayUSAtax.com and a Chase Freedom card. Cost is 1.97% for PayUSAtax; PayPal fee is waived.
Apr 8, 2018, 12:15 pm
#65
Join Date: Jan 2013
Programs: Hyatt Glb, MR Plat
Posts: 2,577
Anyone have experience doing 3 separate credit card payments? Looking to do 2 (freedoms $1500 each) with payusatax and 1 from the other to maximize it.
Apr 8, 2018, 9:40 pm
#68
Join Date: Dec 2017
Posts: 463
There's 3 sites that let you pay your taxes. Each one can do 2 payments. 3 x 2 = 6. Hope that helps.
Apr 8, 2018, 9:53 pm
#69
Suspended
Join Date: Jan 2017
Location: EWR/PHL/BWI
Posts: 4,412
Individuals
Tax FormPayment Type and Tax YearLimitForm 1040 seriesCurrent Tax Year (2017)2 per year
Prior Year (1998-2016)
2 per year
To me, that is the total.
Apr 8, 2018, 11:42 pm
#70
Join Date: Dec 2017
Posts: 463
You may be right. Re-reading the thread, I didn't see anyone who posted actually doing multiple payments.
Apr 9, 2018, 7:30 am
#71
Join Date: Dec 2004
Programs: UA-1K, MM, Hilton-Diamond, Marriott-Titanium
Posts: 4,432
I did 3 payments of 500.00 each in 2016 towards my 2016 estimated taxes. Maybe estimated is different?
Apr 9, 2018, 7:35 am
#72
Join Date: Mar 2007
Location: S Cal
Programs: AA Lifetime Plat, United Silver, Marriott Plat, IHG Plat
Posts: 1,142
First look at: https://www.irs.gov/payments/frequen...of-tax-payment
I often pay quarterly Federal estimated taxes using credit cards. The table in the link above shows that the limit for estimated tax is 2 per quarter. That means 2 payments per quarter with each of the 3 sites that process estimated tax payments, which is a maximum of 6 electronic payments per quarter.
Yes, I have made up to 6 estimated tax payments per quarter (2 per processor) if I had new credit cards with minimum spends to meet OR credit cards with a special bonus offer for spending a certain amount OR credit cards where the spend would put me above the yearly spending threshold for a desired benefit. To date, I have never been charged a cash advance fee by any of my credit card companies (Chase, AmEx, Citi, Cap One).
One more point: I suggest keeping careful records. Save the proof of payment from the processor. I think it is also important to go to the EFTPS (Electronic Federal Tax Payment System) website and establish an account so that you can verify that these payments were received by the IRS. I haven't had a problem with payment of Federal quarterly estimates, but I still always verify a week or two after making an electronic payment that it was received.
EFTPS: https://www.eftps.gov/eftps/direct/EftpsHome.page
It is also possible to pay some state quarterly estimated taxes on line as well as property tax in some areas. I have paid quarterly estimates for my home state (California), but I will never do it again. The California Franchise Tax Board is incompetent. I had a major hassle with an electronic estimated tax payment made to California that the FTB failed to credit. If I remember, it's officialpayments.com that has the capability of accepting electronic state quarterly estimated tax payments. Once again, if you pay state taxes electronically, I would suggest that you set up a way of verifying that the payments were received and credited properly.
Apr 9, 2018, 12:03 pm
#73
Join Date: May 2011
Location: CMH
Programs: w/+1: AS MVPG; IHG/Marriott Plat; Hilton/BW Diamond; Hertz Prez; SG Silver
Posts: 1,188
H&R Block
After completing my return with H&R Blocks free online program, I paid my tax through pay1040.com, splitting between 2 CCs. When the software didn't accept my two confirmation codes, I saw that itonly accepts PayUSAtax.com. This was not disclosed until the end of the program which previously said pay the tax & come back to file. After complaining to H&R's phone rep, I was told that the software will accept my codes when the IRS accepts the payment, which will can take 5-7 days according to pay1040.com. It's been 3 days so far.
Apr 9, 2018, 8:40 pm
#74
Suspended
Join Date: Jan 2017
Location: EWR/PHL/BWI
Posts: 4,412
I often pay quarterly Federal estimated taxes using credit cards. The table in the link above shows that the limit for estimated tax is 2 per quarter. That means 2 payments per quarter with each of the 3 sites that process estimated tax payments, which is a maximum of 6 electronic payments per quarter.
Yes, I have made up to 6 estimated tax payments per quarter (2 per processor) if I had new credit cards with minimum spends to meet OR credit cards with a special bonus offer for spending a certain amount OR credit cards where the spend would put me above the yearly spending threshold for a desired benefit. To date, I have never been charged a cash advance fee by any of my credit card companies (Chase, AmEx, Citi, Cap One).
Yes, I have made up to 6 estimated tax payments per quarter (2 per processor) if I had new credit cards with minimum spends to meet OR credit cards with a special bonus offer for spending a certain amount OR credit cards where the spend would put me above the yearly spending threshold for a desired benefit. To date, I have never been charged a cash advance fee by any of my credit card companies (Chase, AmEx, Citi, Cap One).
Some people do read this as 2 payment per processor. But it is not entirely clear. I would not risk it. Maybe IRS does not even care. It is going to be hard to pay $2,000 each six times to pay IRS $12,000 tax.
Apr 10, 2018, 10:32 am
#75
Join Date: Mar 2007
Location: S Cal
Programs: AA Lifetime Plat, United Silver, Marriott Plat, IHG Plat
Posts: 1,142
I'll clarify.
Yes, I have made as many as 6 estimated Federal tax payments per quarter (2 per processor) without issues.
I use this in several ways. For example:
It is an easy way of meeting the minimum spend on new credit cards.
It is an easy way of meeting a bonus for spending on one of your existing accounts. If the bonus is great enough, the bonus can more than cover the fees to pay estimated tax. (This doesn't come up often, but occasionally one of my sock-drawer credit card accounts will offer me a bonus if I start using the card again and reach a certain spending level within a specified period.)
It is an easy way of reaching a yearly spending threshold to obtain a desired credit card or reward program benefit.
The IRS doesn't give a hoot how many payments you make so long as they get their (your) money.
Yes, I have made as many as 6 estimated Federal tax payments per quarter (2 per processor) without issues.
I use this in several ways. For example:
It is an easy way of meeting the minimum spend on new credit cards.
It is an easy way of meeting a bonus for spending on one of your existing accounts. If the bonus is great enough, the bonus can more than cover the fees to pay estimated tax. (This doesn't come up often, but occasionally one of my sock-drawer credit card accounts will offer me a bonus if I start using the card again and reach a certain spending level within a specified period.)
It is an easy way of reaching a yearly spending threshold to obtain a desired credit card or reward program benefit.
The IRS doesn't give a hoot how many payments you make so long as they get their (your) money.
Last edited by GetawaysRus; Apr 10, 2018 at 2:48 pm