This bill would eliminate fees that the IRS charges when low-income taxpayers set up payment plans to pay their taxes over time. Specifically, it would waive installment agreement fees for any taxpayer whose income does not exceed 250 percent of the federal poverty level, meaning a single person making roughly $35,000 or less per year would qualify for fee-free payment plans. The change would apply to installment agreements set up more than 12 months after the bill becomes law, giving the IRS time to implement the policy change. The bill does not specify new funding requirements, as it simply eliminates a fee that taxpayers currently pay to the government. This measure would make it easier for lower-income individuals struggling to pay their tax bills to set up manageable payment arrangements without incurring additional costs.
Take Action
Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.