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Using amex plat to pay taxes

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red259
Super Contributor

Using amex plat to pay taxes

I need to make a rather large tax payment and was thinking about picking up an amex plat where I could meet the signup bonus easily with such a large payment in taxes. Before I apply will amex give me any issues with making tax payments on this card? I have the money in my account but figure it may be worth it to get the signup in the meantime. 

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Starting Score: EQ: 714, TU 684
Current Score: EQ: 725 7/30/13, TU 684 6/2013, Exp 828 5/2018, Last App 8/5/17
Goal Score: 800 (Achieved!) In garden until Sepetember 2019
Message 1 of 16
15 REPLIES 15
K-in-Boston
Credit Mentor

Re: Using amex plat to pay taxes

As long as your income and profile support it, there should be zero problems.  I met my Starwood signup bonus in a single transaction that way last year.

Message 2 of 16
Shadowfactor
Valued Contributor

Re: Using amex plat to pay taxes

shouldnt have any issues with Amex's side provided that your internal limit is big enough.

 

I would check though to make sure they take AMEX. When I just paid some taxes. It was visa,MC, Disco only. No amex option for both state and local tax(RITA). I didnt end up owing the IRS anything so I can't comment on if they take amex.





Total Revolving Limits $254,800

Message 3 of 16
RicHowe
Valued Contributor

Re: Using amex plat to pay taxes

Message 4 of 16
wasCB14
Super Contributor

Re: Using amex plat to pay taxes

I've used my personal SPG at pay1040 a few times without incident.

Personal spend: Amex Gold, Amex Schwab Plat., BofA PR+CCR(x2), Costco
Business use: Amex Bus. Plat., BBP, Lowes Amex AU, CFU AU
Perks: Delta Plat., United Explorer, IHG49, Hyatt, "Old SPG"
Mostly SD: Freedom Flex, Freedom, Arrival
Upgrade/Downgrade games: ED, BCE
SUB chasing: AA Platinum Select
Message 5 of 16
simplynoir
Community Leader
Mega Contributor

Re: Using amex plat to pay taxes

None at all. I did this on the Plat I just got to meet the bonus and then some.

Message 6 of 16
Anonymous
Not applicable

Re: Using amex plat to pay taxes


@Shadowfactorwrote:

shouldnt have any issues with Amex's side provided that your internal limit is big enough.

 

I would check though to make sure they take AMEX. When I just paid some taxes. It was visa,MC, Disco only. No amex option for both state and local tax(RITA). I didnt end up owing the IRS anything so I can't comment on if they take amex.


Who is “they”? 

 

You can pay your taxes through multiple vendors. You don’t need to pay backtaxes through your preparer. 

 

The OP’s bigger concern should be a financial review, not whether or not the IRS will accept their card. 

Message 7 of 16
Anonymous
Not applicable

Re: Using amex plat to pay taxes


@red259wrote:

I need to make a rather large tax payment and was thinking about picking up an amex plat where I could meet the signup bonus easily with such a large payment in taxes. Before I apply will amex give me any issues with making tax payments on this card? I have the money in my account but figure it may be worth it to get the signup in the meantime. 


You certainly can. But I think the government charges a processing fee for charge cards. Just something to consider. May or may not matter to you.

Message 8 of 16
Anonymous
Not applicable

Re: Using amex plat to pay taxes


@Anonymouswrote:

@red259wrote:

I need to make a rather large tax payment and was thinking about picking up an amex plat where I could meet the signup bonus easily with such a large payment in taxes. Before I apply will amex give me any issues with making tax payments on this card? I have the money in my account but figure it may be worth it to get the signup in the meantime. 


You certainly can. But I think the government charges a processing fee for charge cards. Just something to consider. May or may not matter to you.


I think most, if not everyone will gladly eat the fee for easy reward bonuses. The Plat’s signup bonus is 60,000 points, easily outweighing any 2.5 percent fee charged by the third party processor. 

Message 9 of 16
K-in-Boston
Credit Mentor

Re: Using amex plat to pay taxes

The IRS charges no fees for debit and credit transactions, however the three official payment companies do charge a convenience fee. Depending on your income, those fees may or may not be deductible as an itemization when you file 2018 taxes next year. It pays to compare the rates between the three, also.
Message 10 of 16
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