Скачать или смотреть I owe, but I can't pay. What now?

Millions of Americans have balances due on their tax return, and many of them can't afford to pay right away. This video tells you what you should and shouldn't do when you're in this situation, and it outlines the ways the IRS has to allow you to pay over time.

2025 UPDATE:

As of January 1, 2026, the IRS interest rate on balances due will be 7%, compounded daily.

Installment plan fees have changed:
Autopay by direct debit, set up online $22
Autopay by direct debit, set up by mail or phone: $107
Pay online or mailed check, set up online: $69
Pay online or mailed chick, set up by mail or phone: $178

Resources and Information:

IRS Form 9465 "Installment Agreement Request": https://www.irs.gov/pub/irs-pdf/f9465...

Instructions for IRS Form 9465: https://www.irs.gov/pub/ire-pdf/i9465...

IRS Form 433-F "Collection Information Statement": https://www.irs.gov/pub/irs-pdf/f433f...

thebalance.com "Your Guide to IRS Payment Plans": https://www.thebalance.com/how-to-set...

Nerdwallet: "IRS Payment Plan or Installment Agreement: Tax Payment Options and How They Work": https://www.nerdwallet.com/article/ta...

Image Credits:

Pexels.com
Wikimedia Commons
sandervanwell (CC-SA 2.0)

Intro Music: "Bluesy Vibes" - Doug Maxwell - YouTube Audio Library

Outro Music: "Modern Attempt" - Track Tribe via YouTube Audio Library

DISCLAIMER: This video is for educational and informational purposes only. It is not intended to render tax advice or investment advice for individual situations. If you have questions regarding your particular situation, please consult with a qualified tax or investment professional.

The information in this video is current as of date of publication, and is subject to changes.