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Short-term payment plan – The payment period is 120 days or less and the total amount owed is less than $100,000 in combined tax, penalties and interest. Long-term payment plan – The payment period is longer than 120 days, paid in monthly payments, and the amount owed is less than $50,000 in combined tax, penalties and interest.
With Direct Pay, you can use the "Look up payment" feature to view your payment details and status. You can opt in to receive email notifications about your payment. You can also modify or cancel your payment up to two business days before your scheduled payment date.
• Full pay within 120 days. If taxpayers can pay the full amount they owe within 120 days, go to the IRS website, keyword “installment agreement” to establish your request to pay in full.
The IRS Online Payment Agreement system lets you apply and receive approval for a payment plan to pay off your balance over time.
File for a short-term extension — up to 120 days. This option has: No fee; Penalty of 0.5% per month on unpaid balance; Interest of short-term federal rate plus 3% (interest might change each quarter) Complete IRS Form 1127: Application for Extension of Time for Payment of Tax Due to Undue Hardship
Here’s what to expect for each of the IRS payment options: The IRS offers an extension of up to 120 days to pay your taxes. Terms: Good for any amount due. You must agree to pay the full bill within 120 days. Time to complete: If you request an extension using the IRS’ online payment agreement tool, it takes about 15 minutes.
After you file your tax forms on time without payment, the IRS will contact you to ask whether you would be able to pay within 120 days.
You can also visit IRS’s Payments page for payment options or see this Tax Time Guide: Electronic tax payment and agreement options available to taxpayers who owe. If the amount owed is only due to penalties and interest, see our TAS Tax Tips: Why Do I Owe a Penalty and Interest and What Can I Do About It? for steps to follow.
Taxpayers who owe less than $100,000 and can pay in 120 days or less may apply for a short-term plan online at IRS.gov/OPA; those who need more time to pay, up to 180 days, must apply by mail or telephone.
Pay now or schedule payments up to a year in advance. Direct Pay with bank account. For individuals and businesses. Processing fees apply. Not for payroll taxes. Pay by card or digital wallet. Sign in or create an account to pay now or schedule a payment. Need more time to pay? You can avoid penalties. File and pay your tax by the due date.