Dave Ramsey Tells Tutor With $24,000 IRS Debt to Pay the Government First in Her $94,000 Debt Snowball

Dave Ramsey Tells Tutor With $24,000 IRS Debt to Pay the Government First in Her $94,000 Debt Snowball

Quick Read IRS debt of $24,000 takes priority ahead of a $26,000 car loan and $44,000 in student loans because the IRS can garnish wages without a court order, levy bank accounts, and file tax liens that damage credit, while monthly penalties of 0.5% plus accruing interest make delay expensive on a household earning $135,000 that could eliminate the IRS balance in 6 months through aggressive snowballing. This advice works for households with s…