How to pay the IRS- Payment Plan 2024 Update

THINGS YOU CAN DO ON IRS.GOV

Make a Payment

You can do a lot of things in your tax account. By signing into your IRS.gov account, you will not have to re-verify your identity or other information. Your ID.me login has already verified you. Once logged into the IRS.gov website, anything you do will be connected to your tax account.

You may need to make a payment to the IRS at various times and for various reasons. You can get to the payment start page by clicking on the Payment tab at the top of the page, or by clicking the Make A Payment button in the Payments box.

Click the Make A Payment Plan button.

If you cannot pay the balance all at once, part now and part within 180 days, you will want to set up a payment plan, called an Online Payment Agreement (OPA).

An OPA gives you 6 years, or 72 payments to pay off your tax balance due. The rule of thumb is to take your balance due including interest and penalties, and divide it by 72, then round up to the nearest $50. If your balance due is less than $15,000, the IRS will automatically accept your payment plan and begin deductions monthly on the next due date.

Confirm the amount of payment, date to withdraw each month, and submit.

Be sure to SAVE A COPY OF THE CONFIRMATION PAGE with confirmation number as PDF or print page.

You can always verify the status of your payment plan on your Home Account Page.

If you’d like to know more about reducing your payment to the IRS, click the link and set up a call with an expert from Lisa Brugman, EA & Associates.