Tax Refund and Debt: Why Throwing Your Refund at Credit Cards Usually Doesn’t Work
Steve Rhode, the old original Get Out of Debt Guy, and Damon Day, the new Get Out of Debt Guy, dig into a hard truth about tax refunds and debt: getting a refund feels good, but using it to make a small dent in credit card balances usually does not solve the bigger problem.In thi ...Show more
Debt Forgiveness and Taxes: What a 1099-C Means Before You Settle Debt
What happens when a creditor forgives part of your debt? In this episode of the Get Out of Debt Guy Show, Steve Rhode, the original Get Out of Debt Guy, and Damon Day, the new Get Out of Debt Guy, break down the tax consequences of debt forgiveness and explain what a 1099-C reall ...Show more