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April 12, 2021
Question

Does quickbooks/turbotax show an estimated State quarterly tax? Or is it just Federal?

  • April 12, 2021
  • 1 reply
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1 reply

Moderator
April 12, 2021

Hello, millerfandesign-. 

 

The estimated State quarterly taxes in QuickBooks Self-Employed is for federal taxes only. Also, QuickBooks Self-Employed estimates federal tax payments based on your self-employed income, deductions, predicted future income for the year, and tax profile. 

 

I've also added these references as your guide how taxes works in QuickBooks Self-Employed: 

 

 

Let me know if you need anything else. I'm always here to help. Have a good one and stay safe!