For taxpayers who owe $100,000 or less in combined tax, penalties, and interest.

The repayment period is typically 120 days or less.

No setup fee, but interest and penalties will continue to accrue until the balance is fully paid.

For taxpayers who owe $50,000 or less in combined tax, penalties, and interest, and can pay over a longer period (more than 120 days).

Requires monthly payments.

Setup fees apply, which vary depending on how the taxpayer chooses to make payments (e.g., direct debit, check, or money order).

Fees may be reduced for low-income taxpayers or waived if paying by direct debit.

For taxpayers who cannot afford to pay the full amount even over time.

Allows the taxpayer to make reduced monthly payments based on their financial situation.

The IRS reviews the taxpayer's financial status every two years, and the agreement can be modified based on any changes in the taxpayer’s ability to pay.

Available for businesses that owe $25,000 or less in taxes and can pay the balance within 24 months.

The setup fee applies, and businesses must generally agree to make payments by direct debit.