Is paying tax to irs considered “spending” when i use amex

I have another card, Amex Blue Business Plus, that gives 2x points back, or 3% in value, which exceeds the 1.87% transaction fee. So it makes sense to pay tax with that card anyway. However, I'm paying with the Delta Reserve card earning only 1x miles, or 1.5% back, so I'm losing the …


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Is Paying Tax To Irs Considered “spending” When I Use Amex

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I have another card, Amex Blue Business Plus, that gives 2x points back, or 3% in value, which exceeds the 1.87% transaction fee. So it makes sense to pay tax with that card anyway. However, I'm paying with the Delta Reserve card earning only 1x miles, or 1.5% back, so I'm losing the …

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Using Amex For IRS Tax Payment And MR Points : R/amex - Reddit

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Do it all the time with quarterly taxes for my wife to sign up for new Amex or chase offers with high minimum spends or to help burn off my $15k spend for the year on Amex surpass cards. End …

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FAQs about Is paying tax to irs considered “spending” when i use amex Coupon?

Does American Express allow tax payments?

We wrote that while American Express allows tax payments their human reps sometimes don’t like counting it for purposes of meeting minimum spend requirements. And so it’s good to see Chase officially recommend it. Tax payments are one of the most legitimate expenses one can have. ...

Do Amex points pay taxes?

This means that whether you earned 15,000, 50,000, or the maximum 100,000 points over the course of a year through referrals, you'll be on the hook for paying taxes on all those points. Even though Amex sets the cash redemption value of its Membership Rewards points at .6 cents per point, they value them at 1 cent each come tax time. ...

Do tax payments with Amex count toward rewards?

Update 9/9/23: Just adding this Reddit report from a CFPB response confirming that tax payments with Amex do count toward rewards AND count toward minimum spend requirements. Update 5/12/23: Reddit use refarch88 found that Amex promotes earning rewards with IRS payments as well in their emails: ...

Does AmEx credit card charge foreign transaction fees?

Card Info: Amex Credit Card issued by Amex. This card imposes foreign transaction fees. Noteworthy perks: Earn 50% more points: Use your Card 30 or more times on purchases in a billing period and get 50% more points on those purchases less returns and credits. Terms apply. See Rates & Fees Airline miles. ...

Can you pay taxes with a credit card?

You may wonder if you can pay your taxes with a credit card. After all, charging your taxes to a rewards credit card could mean you earn cash back, points or miles toward travel. Your estimated tax payments are typically due as follows: ...

How much does Amex pay over time pay per dollar?

Earning rate: 5X flights and prepaid hotels at AmexTravel.com ✦ 1.5X points per dollar on eligible purchases of $5000 or more (on up to $2 million of those purchases per year) ✦ 1.5x on US construction/hardware stores, US electronic goods, and US shipping ✦ 1X elsewhere ✦ Terms apply. Card Info: Amex Pay Over Time Card issued by Amex. ...

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