For those who will have to pay money on their tax returns, a big question usually follows once the amount owed is determined: Should I put this tax bill on my credit card?
It all depends on one’s situation and preferences.
Paying taxes with a credit card usually comes with fees of roughly 2%, so if you owe $500, there will be a $10 credit card fee. If you owe $20,000, there will be a fee of $400.
There also can be a limit on how often you can make payments with a card, which can be viewed by clicking or tapping here.
But despite the fees, sometimes it can be beneficial to charge your tax bill on a card.
Here are five pros and cons, according to Finder.