Which is to say, the speaker has acknowledged that the accounting shenanigans used to get this bill passed in the teeth of statutory spending constraints are basically bullsh**. But thereâs a lot of bullsh** going around Washington just now.
So then I tried the âlittle debtsâ approach. You knowâ¦ Pay off the smallest debt, then take the payment you were making on that and put it against the next debt. Thatâs often called the debt snowball, and the idea behind it is that seeing that âwinâ early is supposed to motivate you.
Paying your tax debt in full is the best way to get rid of a tax lien. 1  The Internal Revenue Service (IRS) will release a federal tax lien within 30 days after you have paid your tax debt. However, there are other options to reduce the impact of a tax lien: