Although it is true that we do not always have to pay taxes to the IRS, it is also true that it is common for a United States citizen who has regular income to have to pay something when sending the Tax Return. If that is your case, you should know that there are several ways to pay these taxes, since the Internal Revenue Service offers direct help to citizens to make their lives easier.
In some cases, these tax payment plans are totally free. On the other hand, there are other plans that we have to pay a small amount of money. The plan we choose will depend on our situation, but what is certain is that the IRS will propose all kinds of solutions so that we can fulfill our obligation.
IRS Tax Payment Plans
The ideal for most Americans is not to have the obligation to pay more taxes. However, it is true that if we have to pay the IRS more taxes it means that we have a high level of income. This is good news, since having more monthly income means we have a better standard of living.
But leaving aside that there is the possibility of not having to pay taxes to the IRS, let’s see which are the plans we can apply for to pay them:
- Pay now plan: $0 setup fee. No penalties or any type of interest.
- Short-term payment plan (180 days or less): $0 setup fee. We will have penalties and interest until we pay 100% of the taxes. The sooner we pay, the less we pay.
- Pay monthly through automatic withdrawals. $22 setup fee (if we are low income we may not have to pay this $22) We will have penalties and interest until we pay 100% of the taxes.
- Pay each month (non-direct debit). $69 setup fee (low income: $43 setup fee that may be reimbursed if certain conditions are met). Plus accrued penalties and interest until the balance is paid in full.
This information is directly from the official IRS website, so if we have any questions we can contact any of the offices to get help directly. Remember, the longer you take to pay your taxes the more you will pay in penalties, so it is advisable to pay everything as soon as possible.