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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.
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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 installments to the IRS?Apply online through the Online Payment Agreement tool or apply by phone or by mail by submitting Form 9465, Installment Agreement Request.
How long does it take to set up a payment plan with the IRS?If you mail Form 9465, the IRS will respond to your request typically within 30 days but it may take longer during filing season. Installment agreements by direct debit and payroll deduction enable you to make timely payments automatically and reduce the possibility of default.
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