You should pay taxes by credit card?

Do you have an income tax bill this year? If you simply cannot afford to pay your tax bill, you have some options.

You can pay the IRS delayed. Monthly late fee is 1% of the balance owed, $ 10 on a $ 1,000 tax balance.You can set up a payment plan with the IRS for a one-off charge of up to $ 105 plus interest monthly.Alternatively, you can pay by credit card. In this case, you are subject to the terms and conditions of your credit card contract. Before you can use the credit to foot your Bill, make sure you understand the advantages and disadvantages of paying taxes in this way.

You can earn rewards when you use a credit card rewards. Take advantage of the rewards credit card offers by placing taxes on credit card. Look, some credit cards rewards have restrictions on the type of purchases and expenditure minimum requirements before you begin, it is rewarding.

You'll have more time to pay your tax bill no deposit additional modules. Put taxes on credit card allows you to continue to pay your tax bill beyond the deadline April 15. The IRS has this option, too, but you have to file forms more benefit from it.

You're willing to pay interest on the taxes that you owe. The longer you take to pay off the balance of the credit card, the more you will pay in interest. Using a credit card low interest rate will reduce the amount of finance charges that you owe.

There are boards of convenience. When you pay taxes by credit card, the IRS charges a convenience fee of 2.49% is your tax bill. If you have $ 1,000 that the convenience fee will be close to $ 25. Put a $ 10,000 tax credit card will cost $ 250. Obviously, the more you owe in taxes, the greater your convenience fee will be.

You cannot bankrupt debt. Income tax is one of the types of debt that cannot bankrupt (along with child support and alimony). So if you have financial problems later down the road, be aware that bankruptcy does not discharge the debt of credit card supported by taxes.

Theyour card issuer might think that you are a risk. If you need to use your credit card to pay taxes on income, your card issuer can see it as a sign that you have financial problems. After all, why would you use your credit card if they could afford to pay taxes? As a result, the increased risk, your card issuer may increase the interest rate, lower your credit limit or even cancel your credit card.

Paying by credit card can give you the flexibility to pay for a period of time, but should only be regarded as any other credit card purchase. The balance is still subject to your credit card agreement. Interest rate and fees will continue to be dictated by your lender. Late payment will appear on your credit report, will impact your credit score and may affect your ability to obtain credit cards and loans in the future.

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Premarital counseling should be required by law?

Research indicates that premarital preparation can be an effective strategy in supporting healthy marriage and reducing the risk of divorce, in some cases as much as 30 percent. Some States have created an incentive in State law to encourage couples to participate in premarital counseling or some form of premarital education.

For example, in Minnesota, a marriage license costs $ 100. Couples who took part in the Council get the license to premarital reduced rate of $ 30. Here is the problem, the couple must spend 12 hours in counseling at its own expense, to save $ 70 dollars on their marriage license. One must wonder how much of an incentive that really is.

Premarital counseling can cost up to $ 500. Would spend $ 500 to save seventy dollars? I don't think so. It is commendable that some States are offering an incentive, but couples in love and go toward the alter are blinded by love, spend money on flowers, gowns and receptions. Their hearts are full and the last thing on their mind is the fact that they can become part of nearly 50% divorce.

It's just a little too early in the relationship for these couples to understand the importance of consulting. Heck, most of them don't even know what marriage is.

I have a better idea! Why not make premarital counseling part of State law, a requirement for anyone who goes and regardless of how many times you espouse. If legislators are so concerned about marriage and families that counseling reduces the risk of divorce from 30% should be enough of an incentive to become law this law requiring advice.

The State is more than willing to get involved in our wedding we should file for a divorce, it should not be willing to engage in advance if it possibly could keep down the cost to the State once a couple with children joined the Family Court system?

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