Byline: The Register-GuardJust because you can pay your income tax with a credit card doesn't mean you should.Joanne Budde is president of BALANCE, a debt counseling service that partners locally with Oregon Co
Using your tax refund to pay down debt (especially high-interest credit card debt) often reduces future interest charges, saving you more money. Beyond credit cards, making an extra payment on a mortgage, personal loan, or car loan can reduce the amount of interest you’ll pay over the ...
Bills:Credit cards can be used to pay for unexpected bills such as home appliance repairs or car expenses. International travel expenses:A cardholder could use their credit card to pay for things when traveling abroad. Foreign transaction fees and other costs may apply. ...
This year there is an especially important move I want you to make. If you have unpaid credit card bills that charge you interest, I want you to seriously consider using your tax refund to pay it down, because credit card debt is getting out of control a
Below are credit card reward programs whose points can be used at Amazon to pay — or partially pay — for your next order, including tax and shipping. Note that shopping this way at Amazon, which it calls “Shop with Points,” is free to use but usually offers poor value compared with...
1. Pay off debt Americans have $6,501 in retail and credit card debt, according to 2023 data fromExperian. What’s more, theFederal Reservehas found that credit cards charge an average interest rate of 22.80%. If you carry credit card debt, using your tax refund to help pay it down ...
For example, the IRS allows credit cards for tax payments, but with a 1.82% to 1.98% processor fee (in addition to theinterest rateon the credit card if you don't pay your bill in full).1 In contrast, the IRS allowsshort-termpayment extensions for no fee and installment plans for a...
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Do credit cards require proof of income? While you need to submit pay stubs and income tax returns when you apply for other financial products like personal loans or a home mortgage, credit card issuers don’t typically require proof of income. Without this step, many issuers have the ab...
From gift-buying to travel and entertainment, holiday spending can leave you feeling less than festive heading into the New Year. The good news is, your tax refund can be one way to pay down lingering holiday debt and get you back on track financially. H