You can pay your taxes with a credit card, but that doesn't mean it's a good idea. Here's how to decide what's right for you.
as well as your credit-card number, billing information, and a few other details.
After you pay, make sure to print out a copy of your receipt or save it as a PDF and keep it with your tax return. The IRS recommends holding onto copies for at least three years — the typical length of time the IRS would look backIf you need to get a credit-card bonus that requires spending a lot of dollars, paying your taxes with a credit card could be a good strategy, but only if the rewards are worth more than the cost of the credit-card fee.
Just make sure you're also practicing good financial discipline, like paying your balances off in full each month, making payments on time, and not spending more than you can afford to pay back. Basically,Click here to learn more about the Chase Sapphire Preferred Card from Insider Picks' partner: The Points Guy
Disclosure: This post is brought to you by the Personal Finance Insider team. We occasionally highlight financial products and services that can help you make smarter decisions with your money. We do not give investment advice or encourage you to adopt a certain investment strategy. What you decide to do with your money is up to you. If you take action based on one of our recommendations, we get a small share of the revenue from our commerce partners.
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