Owe the IRS? Learn eight smart strategies to pay off tax debt, reduce penalties, set up payment plans, and regain control of your finances.

Trina Paul is a Breaking News and Personal Finance Writer at Investopedia, covering topics like retirement, consumer debt, and retail investing. She focuses on making complex financial topics ...

Logan Allec, CPA is the founder, owner and president of tax relief services company Choice Tax Relief, which serves clients nationwide. When taxpayers fall behind with the IRS, obtaining "tax relief" ...

Climbing out of debt is a perennial New Year’s resolution for many Americans — and it’s easy to see why. Nearly 7 in 10 people reported feeling “financial stress” in a recent survey, with about a ...

Rising interest rates and stubborn inflation have turned a once-hypothetical money question into a daily dilemma: should you build savings or attack debt first. The right answer can change how quickly ...

Debt levels in the U.S. are climbing higher than ever, and the strain is being felt across millions of households. Borrowers are carrying larger balances overall in terms of their debt loads, and ...

Nobody ever said debt was fun and it’s not. It’s emotionally and financially stressful, especially when you find yourself in an endless cycle of trying to pay it off. But that doesn’t mean you should ...

A high debt-to-income ratio is a common reason lenders deny applications. The good news is that you can lower your DTI.