Debit cards
Credit Card, Debit Card Fees Related to IRS Tax Payment are Deductible
By admin - Posted on April 9th, 2009
WASHINGTON, DC, April 7, 2009 — Credit card or debit card convenience fees charged for paying federal individual income taxes electronically are deductible for some taxpayers who itemize, the Internal Revenue Service (IRS) announced today.
Federal law bars the IRS from paying any fees associated with these credit or debit transactions. Card processors normally charge taxpayers for convenience fees when they use their credit or debit card to pay taxes. Fees vary but average about 2.5 percent of the tax payment. » read more »
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