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Earn Miles by Paying Your Taxes with a Credit Card

Link: Discover Card 3% Bonus

Speaking of paying taxes, for years people have asked me about earning Frequent Flyer miles or points by paying your taxes with a credit card. Wouldn’t it be great if you could receive a travel bonus for all that money you have to pay?

Generally speaking, this isn’t usually a great idea, because the companies that process tax payments are smart. They charge a fee, typically 1.87%, in exchange for passing along your money. At 1.87%, you’re paying $467 for every $25,000 in tax payments.

Fortunately, there's a new opportunity that greatly improves this calculation.

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