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KimHJ
Level 1

Change Federal taxes in Intuit Online Payroll

I just found out about the ERC and that I'm eligible for the first quarter of 2021, but I already paid the Federal Taxes (941) for January and the February is waiting for me to approve it.
The ERC I can get is little higher than the monthly Federal Tax deposit, so I want to reduce the deposit with the amount of the ERC for the first two months in the February deposit.
Is this possible?

I did turn on the ERC in each employee today, but I assume that will only be good for March 2021.

Thanks for any help.
Kim

Solved
Best answer March 04, 2021

Best Answers
JamesDuanT
Moderator

Change Federal taxes in Intuit Online Payroll

Let's see what we can do about your payroll data and the ERC, Kim.

 

We can set up the ERC in Intuit Online Payroll by following the steps in this article: How to set up and track the Employee Retention Credit under the CARES Act.

 

Regarding the payroll adjustments that you want, I'd recommend contacting our Payroll Support Team. They can help you do this and provide additional details about the process. You can reach them using this link: Contact Payroll Support.

 

Let us know if you need anything else. Have a great day!

View solution in original post

1 Comment 1
JamesDuanT
Moderator

Change Federal taxes in Intuit Online Payroll

Let's see what we can do about your payroll data and the ERC, Kim.

 

We can set up the ERC in Intuit Online Payroll by following the steps in this article: How to set up and track the Employee Retention Credit under the CARES Act.

 

Regarding the payroll adjustments that you want, I'd recommend contacting our Payroll Support Team. They can help you do this and provide additional details about the process. You can reach them using this link: Contact Payroll Support.

 

Let us know if you need anything else. Have a great day!

View solution in original post

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