Hello, How do you set the percentage you want for the estimated taxes? E.g. %25 Thank you,

Good day to you, Leanne.

QuickBooks Self-Employed (QBSE) is in line with IRS on how the tax is calculated. The option to manually adjust the estimated tax isn’t possible.

The calculation of the estimated taxes are based on:

• Categorization of business income and expenses
• Projections
• Tax profile (bracket)

For more information about this, you can refer to this article: How QuickBooks Self-Employed tracks self-employment taxes.

Also, for future reference in preparing and filing your taxes, you can always check these links:

• Get quarterly and annual tax info from QuickBooks Self-Employed
• QuickBooks Self-Employed annual tax guide

Keep me updated if you need further assistance managing your taxes. Know that I’m always around to help you. Stay safe!

Hello JasroV!

thank you for your response. Oh yes, I am aware of the IRS percentage setting. What I meant was, is there a way that I can set aside in the account, a percentage I’d like to put aside for the estimated taxes? For example tagging a certain amount a month should be flagged for estimated tax payments? 

thank you,

LeAnne 

Good morning, @leanne-therapist. 

Thanks for reaching back out on this thread. Allow me to provide you with an answer to your question about setting aside a percentage in an account for estimated taxes. 

At this time, this option isn't available in QuickBooks Self-Employed (QBSE). However, I'll send feedback to our Product Developers. They'll take this into consideration and try to make improvements in the next available update. 

You can always keep up with what's new in the system by using our QuickBooks Blog.  

I hope this information helps. I want to ensure that you're concerns are addressed. If you have any other questions, don't hesitate to ask. Have a wonderful Friday!