Pay your IRS 1040 taxes online using a debit or credit card. Pay IRS installment agreements and other personal and business taxes quickly & easily. Retirement Plans - Tax Year 2019 Over 10 Million customers have paid their taxes and other bills the Official Payments way. Never be late for a payment again. My Account Dashboard; Fees for IRS installment plans. If you can pay off your balance within 120 days, it won't cost you anything to set up an installment plan. If you cannot pay off your balance within 120 days, you'll owe $52 for setting up a direct debit agreement with the IRS, or $105 for a standard or payroll deduction agreement. The IRS Online Payment Agreement system lets you apply and receive approval for a payment plan to pay off your balance over time. If you are a qualified taxpayer or authorized representative (Power of Attorney) you can apply for a payment plan (including installment agreement) online to pay off your balance over time.