How do I pay off IRS installment agreement
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You must send the first payment with your application (in addition to the application fee). This money is nonrefundable, even if the IRS rejects your offer (the IRS will just apply it toward your tax bill).
Because of the COVID-19 pandemic, the CTC was expanded under the American Rescue Plan of 2021. The IRS pre-paid half the total credit amount in monthly payments from July to December 2021. When you file your 2021 tax return, you can claim the other half of the total CTC.