Payment Plan for Federal Taxes

brendagorbett · ‎March 24, 2021

If I set up a payment plan to pay my federal taxes, does that include my quarterlies I have to pay or are they part of the payment plan?

LenaH · ‎March 24, 2021

No. Estimated tax payments are for future tax years, whereas payment plans are for the inability to pay tax due for a prior tax year. Generally, taxpayers have to make estimated tax payments if they expect to owe tax of $1,000 or more when their return is filed.

For more information on IRS payment plans and how to set one up with the IRS, please see Payment Plans Installment Agreements.

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View solution in original post

LenaH · ‎March 24, 2021

No. Estimated tax payments are for future tax years, whereas payment plans are for the inability to pay tax due for a prior tax year. Generally, taxpayers have to make estimated tax payments if they expect to owe tax of $1,000 or more when their return is filed.

For more information on IRS payment plans and how to set one up with the IRS, please see Payment Plans Installment Agreements.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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Payment Plan for Federal Taxes