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A payment plan is an agreement with the IRS to pay the taxes you owe within an extended timeframe. You should request a payment plan if you believe you will be able to pay your taxes in full within the extended time frame.
The IRS Online Payment Agreement system lets you apply and receive approval for a payment plan to pay off your balance over time.
Find details on payment plan types: Streamlined, in-business trust fund express, guaranteed and partial payment installment agreements. Check if you can settle your debt for less than you owe with an offer in compromise. Find more options to get help with tax debt.
Payment plans (also referred to as Installment Agreements) are one of your options if you can’t pay your taxes in full when they’re due. Payment plans allow you to pay your debt over a time. You must timely file your tax returns, and make estimated tax payments to qualify for a payment plan.
An IRS payment plan lets you spread out your tax bill over a period of time if you can’t afford to pay your tax debt right away and in full. You can set up a short-term or long-term plan, depending on whether you can afford to pay the IRS within 180 days.
Can I set up an IRS payment plan if I can’t pay my taxes? If you can’t pay all your taxes by the tax due date, the IRS will let you pay your taxes over time using an IRS payment plan. To do this, you’ll have to set up an installment agreement with the IRS.
Even if you cannot afford to pay your debt in one lump sum in the tax year it is owed, tax payment plan options are available. Agreeing to a payment plan limits the amount of additional penalties and interest you pay on top of the assessed tax amount.