 TITLE: How the New Tax Law May Affect You CONTENT: How Do Taxes Impact My Credit Report?\n-------------------------------------\nIn 2017, the three major tax bureaus—Experian, TransUnion and Equifax—took steps to remove civil judgment records, including tax liens, from credit reports.\nA tax lien is when the government can lay claim to your property when you fail to pay the IRS. Even if you paid the debt, it could stay on your credit report for up to seven years. While the IRS can still place liens on your property, they'll no longer negatively affect your credit. END