Top Show
Updated for Tax Year 2022 • October 18, 2022 11:36 AM OVERVIEW Can't afford to pay your income taxes? You may be able to qualify for an installment plan with the Internal Revenue Service. The minimum monthly payment for your plan depends on how much you owe. IRS payment planIf you can’t afford to pay your taxes, you may be able to qualify for an installment plan with the Internal Revenue Service.
Minimum monthly paymentYou can apply for an installment agreement online, over the phone, or via various IRS forms.
Fees for IRS installment plansIf you can pay off your balance within 180 days, it won't cost you anything to set up an installment plan.
Balance of $10,000 or belowIf you owe less than $10,000 to the IRS, your installment plan will generally be automatically approved as a "guaranteed" installment agreement.
Balance between $10,000 and $50,000With a balance due above $10,000, you can qualify for a streamlined installment plan.
Balance over $50,000Qualifying for a plan with a higher balance due requires additional information.
Remember, with TurboTax, we'll ask you simple questions about your life and help you fill out all the right tax forms. With TurboTax you can be confident your taxes are done right, from simple to complex tax returns, no matter what your situation.
All you need to know is yourselfAnswer simple questions about your life and TurboTax Free Edition will take care of the rest. For simple tax returns
only Real tax experts on demand with TurboTax Live BasicGet unlimited advice and an expert final review. Done right, guaranteed. For simple tax returns only
The above article is intended to provide generalized financial information designed to educate a broad segment of the public; it does not give personalized tax, investment, legal, or other business and professional advice. Before taking any action, you should always seek the assistance of a professional who knows your particular situation for advice on taxes, your investments, the law, or any other business and professional matters that affect you and/or your business. How do I set up an IRS payment plan?What if I am not eligible or unable to apply or revise a payment plan online?. Individuals can complete Form 9465, Installment Agreement Request. ... . If you prefer to apply by phone, call 800-829-1040 (individual) or 800-829-4933 (business), or the phone number on your bill or notice.. Can I make payment arrangement online with IRS?For individuals and businesses: Apply online for a payment plan (including installment agreement) to pay off your balance over time. Fees apply. See if you qualify for an Offer in Compromise to settle your debt for less than you owe.
What is the minimum payment the IRS will accept?If you owe less than $10,000 to the IRS, your installment plan will generally be automatically approved as a "guaranteed" installment agreement. Under this type of plan, as long as you pledge to pay off your balance within three years, there is no specific minimum payment required.
What is the IRS number to make payment arrangements?Payment plans
Visit www.irs.gov/paymentplan for more information on installment agreements and online payment agreements. You can also call us at 1- 800-829-0922 to discuss your options.
|