Can I Get an IRS Installment Agreement?

Yes — if you can't pay your tax bill in full, you can apply for an IRS installment agreement to pay over time. If you owe $50,000 or less in combined tax, penalties, and interest, you can apply online at IRS.gov without submitting financial statements. Monthly payments are generally set to pay off the balance within 72 months (6 years). Interest and penalties continue to accrue on the unpaid balance, so you'll pay more over time than if you paid upfront. A streamlined installment agreement is the most straightforward type — if you need more than 72 months or owe more than $50,000, you'll need to provide a full financial disclosure.