IRS Payment Plan Calculator
IRS Payment Plan Calculator
Estimate Your Monthly Payments If You Owe IRS Tax Debt
By Joseph Damiens, Tax Attorney.
IRS Payment Plan Calculator
Find out which IRS payment plan fits — and what it would cost
Almost everyone qualifies for some kind of IRS payment plan. The real question is which one, and whether the monthly payment is affordable. Enter your balance below for a plain-English read on your options. This is an estimate, not approval or advice.
Your situation
Advanced · interest rate
You likely qualify for
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Estimated monthly payment
$0/mo
You don’t have to set this up alone.
Damiens Law can file the installment agreement for you, make sure the terms are right, and — if the monthly payment isn’t realistic — pursue a partial-payment plan, an offer in compromise, or hardship status based on your finances. A free consultation is the place to start.
Not ready to talk? Get the free guide, How to Survive the IRS.
FAQs on IRS Payment Plan Calculator
How much will my IRS payment plan be?
It depends on how much you owe and how long you take to pay it back. The IRS gives you up to 10 years to repay with some plans, but with older tax debt, you may have less time.
Use the payment plan calculator above to get an estimate, or get our help with IRS payment plans now.
How many months does the IRS give you on a payment plan?
Up to 120 months or 10 years. But your plan may be shorter if you owe over $25,000 in trust fund (payroll tax), if a revenue officer is working your account, or if you’re dealing with tax debt that’s more than a year old.
What is the IRS Simple Payment Plan?
It’s an option for individuals or businesses that owe $50,000 or less and can pay it off within 10 years or by the collection expiration date.
It’s easy to set up online on your own, but if you’re unsure whether you can afford the monthly payments or want to learn about more options, consider reaching out to a back taxes attorney first.
What if I owe the IRS over $50,000?
You don’t qualify for the Simple Payment Plan, but you have other options.
If you owe under $250,000, the IRS may let you set up a non-streamlined installment agreement without a financial disclosure – but only if you act before they assign a revenue officer to your account. To set up payments on over $250,000 in tax debt, you’ll need to provide financials. Learn how a payment plan attorney can help with the negotiations.
What if I can’t afford the IRS’s monthly payments?
Then, you’ll need to provide financials to see if you can get approved for a low-income payment plan like the Partial Payment Installment Agreement, where you make payments until the debt expires and the IRS forgives the remaining amount.
Other options include an offer in compromise (settlement) or stopping collections with currently not collectible status.
Does the IRS charge interest on payment plans?
Yes – at the fed rate plus three points. It’s updated quarterly, and the IRS also adds on a 0.25% penalty each month. To see how that stacks up, look at the IRS Interest and Penalty calculator.
How much does it cost to set up IRS payment plans?
The setup fee ranges from $22 to $178 – it’s lower if you apply online and set up direct debit, but the IRS waives the fee or offers a refund for qualifying low-income taxpayers. Get up-to-date numbers on installment agreement fees from the IRS.
