What is the difference between a Streamlined and a Simple installment agreement?

These terms refer to the same program under different names. The IRS rebranded Streamlined Installment Agreements as Simple Payment Plans in 2025 when it expanded the program to cover more business taxpayers. The core feature is the same: no financial disclosure statement required for balances of $50,000 or less, with the ability to pay over an extended term without the IRS scrutinizing your detailed income and expenses.

Do I need direct debit for a Streamlined Installment Agreement?

Direct debit is required for balances between $25,001 and $50,000. For balances of $25,000 or less, direct debit is strongly recommended but not mandatory. Choosing direct debit also lowers your setup fee (from $69 to $22 for online applications) and makes you eligible for lien withdrawal after three consecutive payments under the IRS Fresh Start program.

Can a business get a Streamlined Installment Agreement?

Yes. As of December 2025, the IRS expanded its Simple Payment Plan program to cover businesses with balances of $50,000 or less in combined tax, penalties, and interest. Previously, the streamlined threshold for businesses was $25,000. Businesses must be current on all required filings and federal tax deposits to qualify.

What is a Streamlined Installment Agreement?