Daily Juice – Do you owe taxes this year? Ideas to pay

Do you owe taxes this year? Ideas to pay

Daily Juice – Do you owe taxes this year? Ideas to pay

Welcome to the Daily Juice Show, where we discuss just one “ingredient” of the complex money topics you face.

Alright … not the best position to be in, but you’re not alone! You might not want to hear it, but it’s actually a good problem to have. When you have a huge tax bill, it means you earned more income.

Let’s talk about some strategies to figure out how you are going to pay your current tax bill.

  • Should you use a credit card? 0% interest? Maybe. Make sure that transfer fee(s) is not huge. I know we are all after points and rewards, but think about if it’s worth it.
  • You can take an installment agreement with the IRS. You can get up to 72 months to pay off your balance. It doesn’t affect your credit score, because it’s an installment agreement. There a small set up fee for your account and current interest rate is 3%.


Until next time, remember: It’s your money, and your future wealth, just one sip at a time.


Anna Sergunina
Anna Sergunina

I passionately believe that in order to live a life of fulfillment and joy, we must genuinely serve each other in any way possible. I found my mission in life to serve others via financial planning. Anna regularly writes about personal finance. Her work appears on Business Insider, Nasdaq, Nerdwallet, among others. Anna is the creator of Money Flow system.

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