This year the IRS expects more taxpayers to file their returns electronically than ever before. An increasing number of these "e-filers" will use a debit or credit card to pay any balance due. In fact, nearly 1 million taxpayers did so in 2004, an increase of more than 70 percent from the year prior. Consumers have used payment cards for taxes since 1999, when the option was introduced. Jim Reed from MasterCard:
"Consumers tell us they find paying taxes with cards to be convenient, rewarding and reliable. They no longer need to stand in post office lines, an obvious benefit for last-minute filers. They also offer perks such as airline miles and loyalty points that aren't available when using checks or other payment forms. Plus, using a card guarantees the tax bill will be paid on time and accurately, eliminating worries that a check might not clear or a billing mistake might be made."
Taxpayers can make debit or credit card payments whether they file electronically or file a paper return. Visit w-w-w-dot-mastercard-dot-com and click on "Pay Your Taxes" to learn more.
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