The IRS tax filing deadline for 2024 is Tuesday, April 15, 2025—and it’s coming up fast. Whether you’re still gathering your paperwork or already know you owe taxes this year, there’s one financial tip we strongly recommend:
Think twice before using a credit card to pay your tax bill.
Credit Cards: Easy Now, Expensive Later
When you’re facing a tax bill and want to check it off your list quickly, using a credit card can feel like the path of least resistance. But unless you’re planning to pay that balance off in full right away, you could be setting yourself up for unnecessary financial strain.
Here’s why:
- High interest rates: Most credit cards carry APRs between 18% and 25%—and interest starts accruing immediately if you don’t pay the balance in full.
- Processing fees: The IRS doesn’t take credit card payments directly. Third-party processors charge an additional 1.85% to 2.98% fee on top of what you owe.
- Long-term costs: A $5,000 tax bill could end up costing hundreds—or even thousands—more over time if you’re only making minimum payments.
A Better Alternative: IRS Payment Plans
If you can’t pay your tax bill in full by April 15, the smarter option is to set up a payment plan directly with the IRS.
Here’s what you get:
- Lower interest rates than most credit cards
- Smaller setup fees
- No impact on your credit score
- More flexibility with monthly payments that work for your budget
You can apply for a payment plan online at IRS, and the process is usually quick and straightforward.
Don’t Wait—Act Now
Whether you’re filing soon or figuring out how to cover your tax bill, being proactive is key. Avoid late fees, interest, and unnecessary stress by exploring the best option for your situation now—not the night before the deadline.
Need help figuring out what’s right for you?
Call us today at 816-472-HELP (4357).
We’ll help you understand your options and take the right steps before April 15 rolls around.
KC Tax Tamer 
Leave a comment