Quarterly estimated payments

When payments are due

Q1

April 15

Q2

June 15

Q3

September 15

Q4

January 15 of the next year

Each quarter on the Taxes page shows the amount, federal and state together, and whether it is due, scheduled or paid.

Record a payment you made

1. On the Taxes page, tap the quarter.
2. Choose Mark paid.
3. Under Which payment is this?, choose Federal, State or Combined.
4. Choose Match a transaction and pick the payment from your bank (likely ones are tagged "tax payment"), or choose Enter manually.
5. Check the amount and date, then choose Mark paid.

Paid the IRS and your state separately? Record each one; they are kept apart. The page then shows what is left for the year, or Paid in full.

Estimated income tax payments are not a business expense, so they do not lower your profit. Recording them here is what counts them against what you owe.

Record a payment you have scheduled

Tap the quarter, choose Mark scheduled, and enter the date (and the amount, if you know it). It stays scheduled until you mark it paid, or until a bank payment for that amount on that date comes through.

Fix or remove a payment

Tap the quarter. Each payment you recorded is listed with Clear next to it. Clear it, then record it again with the right amount or date.

Use your accountant’s amounts

If your accountant gave you quarterly amounts, enter them and the app tracks against those instead of its own estimate.

1. Open Settings, then Taxes, and choose Add your estimates (or use Quarterly estimated payments on the Tax Settings page).
2. Enter the amount for each quarter you know. Turn on Split by Federal / State to enter them separately.
3. Under Where did these numbers come from?, choose My accountant or I figured them out.
4. Choose Save.

The Taxes page then shows a Your quarterly amounts banner with each quarter, what you have paid against it and what is left. Use Edit estimates to change them, or Clear in Settings to go back to the app’s own estimate.

If your income is running well above last year, the banner may suggest checking your remaining payments with your tax preparer.

Get a reminder before each due date

Quarterly tax reminders are on unless you turn them off. You get a notification 7, 3 and 1 days before each due date; tap it to open the Taxes page. Notifications need to be turned on for your device.

• On the web: Settings, then Notifications & recaps, then Quarterly tax reminders.
• In the phone app: Settings, then Notifications, then Quarterly tax reminders.
• Tax-estimate threshold (same place): an alert when your next quarterly estimate passes an amount you choose.