Paying taxes with plastic
July 7, 2009 | Center for Responsible Lending, alternatives, industry | Comments (0)From a story out of Ohio:
The number of Ohioans charging state taxes to cards such as MasterCard, Visa, Discover or American Express is up almost 50 percent in the past three years, even though the number of people who owe money after withholding is down. The state has collected $38.1 million in card payments from 81,200 tax filers in the past five years, according to the Ohio Department of Taxation.
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The increased use of credit cards to pay taxes could be a danger sign that people are becoming more financially stretched, said Kathy Virgallito of Consumer Credit Counseling in Columbus.
Ya think?
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