With the right strategies, you can accelerate your debt payments and pay off your balances faster.
"This program allows you to pay your tax debt in a single lump sum or through a short-term payment plan, which results in a reduction of your overall tax debt," says Ahad Ali, CPA at Ahad&Co. He adds, "This strategy is fantastic for taxpayers who have obligations that exceed what th...
If you're looking to tackle your federal tax bill another way, the IRS suggests sticking to an online tax payment method, such as Direct Pay or a credit/debit card, before resorting to mail. Still, a few more payment options, including same-day wire and cash, are available. Click on e...
When you pay off the highest interest debt, move on to your next-highest-rate debt. Save tax-deductible debt, such as student loans or mortgages, for last. (Some people prefer to target the smallest debt, to get the psychological boost of paying of a creditor sooner. Either way, what ...
According to the IRS, it may be an option if you absolutely can’t pay your tax debt or if doing so creates a financial hardship. But it's much harder to get the IRS to sign off on an offer in compromise than on a payment plan. The IRS typically accepts fewer than half the ...
12 Steps You Can Take To Pay Off Your Debt FastIf you want to pay off debt fast, it’s important to get motivated. Write down why you want to get out of debt. Maybe you’d like to save for a down payment on a house or put more money in your 401(k)....
In this article, we give you 31 ways to pay off your debt. Sometimes life sneaks up on you, and need to make cash fast. Or maybe you just want some extra money to pay down debt or invest. Well, thanks to technology, it’s easier than ever to make quick cash. 1. Take online ...
Use any extra money that comes in to double up on payments toward a debt. This will help you pay down the principal loan amount faster, which means you will end up paying less interest in the long run. Use your tax refund, money earned from working overtime, birthday money, or any ot...
Whether through the snowball method or another strategy, we can help you take control, get ahead of payments, and get closer to living debt free.
You can maximize your tax refund in several ways — from paying off high-interest debt to investing in a business or saving for retirement. One or more of these options could be the perfect fit for you.