MCC 9311 is used for transactions related to payments of taxes to government authorities.
Interchange Fee
Interchange fees for tax payments can vary significantly, ranging from 1.5% to 2.5%, depending on the card issuer, network, and any government agreements in place.
Cashback Rewards
Tax payments made using credit cards are generally excluded from earning cashback rewards, as they are considered non-qualifying transactions by most issuers.
Rules and Restrictions
There are no special rules or restrictions imposed by payment processors specifically for MCC 9311 transactions.
Tax Reporting
Tax payments under MCC 9311 are not considered taxable purchases by the IRS, as they represent mandatory government payments.