Free Tools
Tax Comeback Planner
Build a practical tax payoff schedule and avoid compounding penalty costs.
Tax Comeback Inputs
Create a recovery schedule before your deadline and estimate the cost of falling short.
Comeback summary
Baseline monthly payment
$675
Recommended monthly with windfall
$525
Remaining at deadline
Cleared
Estimated year-one interest if unpaid
$0
Payment timeline
Month 1: pay $850 and leave $4,550
Month 2: pay $850 and leave $3,700
Month 3: pay $850 and leave $2,850
Month 4: pay $2,050 and leave $800
Month 5: pay $800 and leave $0
Month 6: pay $0 and leave $0
Month 7: pay $0 and leave $0
Month 8: pay $0 and leave $0
Why plan early
Tax debt gets more expensive when ignored. A monthly comeback plan helps you reduce stress, stay organized, and avoid spiraling penalties.
How to build a realistic tax payoff schedule
1. Separate required payments from optional acceleration. First secure the minimum monthly amount you can sustain.
2. Add windfalls explicitly. Allocate refunds, bonuses, and one-off income as separate line items.
3. Stress-test your timeline. Run a conservative version in case income drops or expenses rise.
Common planning mistakes
Ignoring filing deadlines can create avoidable penalties, even if your repayment plan is strong.
Overestimating future windfalls often delays progress. Base your plan on cash you can verify.
Waiting to re-plan after a bad month can compound stress. Update the schedule as soon as reality changes.
FAQ
Can I use this for state and federal taxes together?
Yes, if you combine balances into one total target.
Should I still contact a tax professional?
Yes, especially if you need installment agreements or penalty relief support.
Should I prioritize filing or paying first?
File on time whenever possible to avoid extra penalties, then execute your payment plan.
How often should I revisit this plan?
Monthly is ideal, and immediately after income or expense changes.
Keep your comeback visible every week
Track tax payments and avoid relapse with MoneyCoach reminders and budgets.
Get MoneyCoachImportant Disclaimer
This tool is for educational and planning purposes only. It does not provide financial, tax, or legal advice. Results are estimates based on your inputs and may differ from real-world outcomes.