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Comment by itake

2 days ago

Apple had a promotion at the start of 2025 with 5% cash back on everything up to $50k. I paid my taxes with that card that year :)

4 comments

itake

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smsm42  2 days ago

That only makes sense if they don't charge extra for paying with CC. Most places I've seen would charge you 3-4% fee for CC payment, which makes the whole thing pointless - except if you need a big spend e.g. for a sign-up bonus.

  • kshacker  1 day ago

    I paid my son's tuition yesterday at a 2.90% charge. Since the cashback of 2.625 is also on the charge, my net cost for about 10.6K tuition was about $15. I keep the money invested in SGOV (state tax exempt), for a month, I make that $15 anyways, and it helps me follow lessons from corporations - pay only at the latest due date without any charges.

    So in this case there was no saving, just a deferment of payment, but if the charge was 2.5%, 2.2% or 1.9% (like I did for something else), you absolutely saved some money besides deferment.

    I am not starving for pennies, but using the card to get 2.62% back has become a habit and until recently the highest I had paid was 2.75%, the 2.9% was just yesterday for the first time and rather than think more about the impact, I just paid it.

  • dmoy  2 days ago

    If it's federal income tax, then the fees are <2%.

    State taxes, and county property taxes vary a lot fee-wise.