Do Tax Payments Affect Your Credit?


Your credit scores are probably the last thing you’ll be thinking about when you file your taxes this season, but did you know that there are instances when your tax payments may impact your credit scores? If you owe or plan to owe the IRS money after you file your tax return this year, keep reading to learn when your tax payments can affect your credit. The way you pay the IRS may impact your credit. Paying the IRS on time doesn’t automatically benefit your credit, unlike other types of payments to your credit card or mortgage, for example.