Hello! How do i setup a payment plan for my taxes in turbotax? The option to setup a payment plan is not available for me.

[Cynthiad66]

The IRS will let you pay off your federal tax debt in monthly payments through an installment agreement.

If you haven't filed yet, step through the File section of TurboTax until you reach the screen How do you want to pay your federal taxes? Select the installment payment plan option, Continue, and follow the onscreen instructions.

If you already filed, or you're unable to find this option in TurboTax, you can apply for a payment plan at the IRS Payment Plans and Installment Agreements webpage (make sure you've filed your return before applying through their site). 

State Payment Plans

Most states offer some kind of installment payment plan as well, although the procedure varies from state to state.

The easiest way to obtain the info you need is to simply search the internet using the phrase state tax payment plan (for example, New Jersey tax payment plan or Illinois tax payment plan). You can try to contact your state Department of Revenue for details.

How to Setup a Payment Plan

[ssalka]

Hi @Cynthiad66, I find the part about "make sure you've filed your return before applying through their site" confusing.

If I don't see the option to do a payment plan in TurboTax (which I'm not, only the credit card option is visible for me), and instead want to set it up through the IRS, how am I supposed to file first without paying the full amount to TurboTax?

[xmasbaby0]

Do you mean a payment plan to pay the IRS?    Tell the software you will pay your tax due by check.  Then go ahead and file and set up your payment plan with the IRS.

To apply for a payment plan with the IRS

Apply Online for a Payment Plan