Q:

How do you pay your taxes with a credit card?

A:

Quick Answer

Federal tax payments are payable with a credit card online or over the phone, according to the Internal Revenue Service. To pay your taxes with a credit card, go to IRS.gov, and click the Pay Your Tax Bill link located at the top of the home page.

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Full Answer

Click the Pay by Card link located under the Pay With Your Debit or Credit Card heading on the Make a Payment Web page, instructs the IRS. Review the options under the Choose Your Payment Processor heading. The convenience fee and types of credit cards accepted vary between processors. Choose a payment processor by clicking on the company website link or calling the associated telephone number.

As of 2015, the IRS sets annual limits on the number of credit card tax payments an individual or business may make, explains the IRS. Generally, individuals and businesses with approved installment agreements may make a maximum of two payments per month using credit cards. All others can make two credit card payments per quarter or year, depending on the type of tax paid.

The payment shows up on a credit card statement as "United States Treasury Tax Payment," and the convenience fee displays separately, notes the IRS. Credit card payments made online or over the phone do not require a payment voucher. The payer may not cancel the credit card payment once it has processed.

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