Should I Pay Off Debt Now or Wait for Tax Refund?

[Flashdash]

If you had enough to pay off most of your debt right now, would you pay it all off right away or hold off until after you do your taxes and then tackle the debt? Just looking for some thoughts or advice here.

 

[frenzybytes]

I'll settle everything I can now money tends to vanish quickly.

 

[Maria43]

If you're wondering whether you might owe taxes, it might be best to wait a little longer. You'll likely have clarity within a few weeks. Once you have a clearer picture, you can create a plan that works for you and pay what you're able.

 

[Skydreamer101]

I would absolutely tackle all debt first and then use any tax refund to build a strong emergency fund!

 

[RebelKru4]

Probably not pay off our low interest rate mortgages.

 

[BingeGameboy7]

I’ve got everything I need to cover it all, and I’m taking care of it! I’m just finalizing a few details first.

 

[FreeskiGHOST83]

I'll admit, I've been through something similar. I worked hard to pay off all my debts (thankfully, none of them were tax related) and then put the rest of my money into savings. When our tax return comes, about 80% of it will also go into savings. It feels amazing to be debt free with a solid savings account now.