Can you pay taxes with a credit card—and should you?

can provide over a year of special financing on new purchases, but you need to be OK with forking over the processing fee. The Discover it® Cash Back offers 0% for the first 14 months on purchases and balance transfers ., charging taxes to your card can help you meet the spending requirement. Before using a credit card, do the math to see if the bonus reaps a higher reward than the processing fee.

To calculate your utilization rate, simply divide your total credit card balance by your total available credit. So if you have two credit cards with a combined $3,000 balance and a total $10,000 credit limit, your utilization would be 30%. Adding a $2,000 tax payment to that would increase your utilization rate to 50%, which is high.

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Considering I only owed $90. I did.

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Oh man, no. No.

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