Payment plan calculator
What would your monthly payment be?
Enter what you owe and how long you want to take. The calculator estimates the monthly payment, what interest and penalties add, and the type of plan that may fit your balance.
Estimated monthly payment
$484
About $17,424 in total over 36 months, including roughly $2,424 in interest and penalties.
Plan that may fit
Simple Payment Plan
Your balance is $50,000 or less, so you may qualify for a Simple Payment Plan without a financial statement, as long as the plan pays the balance before the collection statute expires.
Read the guideHow to read the estimate
- It is an estimate. The IRS charges interest compounded daily at a rate that can change every quarter (Internal Revenue Code sections 6621 and 6622). The failure-to-pay penalty applies only to unpaid tax and stops growing at 25%. The calculator applies both to the whole balance, so it runs a little high.
- Setup fees are not included. See what a payment plan costs.
- Longer is not always allowed. Most plans must pay the balance in full before the collection statute expiration date, usually 10 years after the tax was assessed. If your debt is older, your plan may need to be shorter.
- Pick a payment you can keep. If the payment the IRS needs is more than you can afford, look at a partial payment plan or currently not collectible status.
Not sure where to start? Read what to do when you owe the IRS and cannot pay, or talk with a tax attorney.