Taxes
How to pay your quarterly taxes in Found

How to pay your quarterly taxes in Found

Since Found has all of your business income and expenses in one place, we can automatically estimate your quarterly taxes throughout the year as you earn income and log expenses.

Each quarter, subscribers to Found Plus* who file a Schedule C can even pay their quarterly taxes from within the app.

Here’s how:

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Step 1: First, make sure that you’ve tracked all of your business income and expenses in Found and that your tax profile is up-to-date. These are important inputs into calculating an accurate quarterly tax estimate.

Found Plus subscribers* can make a payment within the app starting on the 1st of the month when payments are due. During this tax payment window, select Make a payment under your quarterly tax estimate in the Taxes tab.

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Step 2: On this next screen, you will be directed to pay federal income taxes and state income taxes, if applicable in your state.

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Step 3: First, pay your estimated federal income taxes.

To do this, select Make a payment to make this payment from within the app.  

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Step 4: Select Next on the next screen, confirm the amount, and then click the final button to initiate the payment.

Found will send a payment to the IRS on your behalf, accompanied by a Form 1040-ES (Estimated Tax for Individuals) completed with information from your tax profile in Found.


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Step 5: If applicable, make your estimated state income tax payment. 

To do this, use your Found account and routing number to complete the tax payment on your state’s website. We will mail you a link to this site and also direct you there from this final screen in the app.


*Found offers optional subscription, Found Plus for $19.99/month or $149.99/year. There are no monthly account maintenance fees, but other fees such as transactional fees for wires, instant transfers, and ATM apply. Read more here.

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*Found is a financial technology company, not a bank. Banking services are provided by Lead Bank, Member FDIC. The funds in your account are FDIC-insured up to $250,000 per depositor for each account ownership category.

¹The Found Mastercard Business debit card is issued by Lead Bank pursuant to a license from Mastercard Inc.

The information on this website is not intended to provide, and should not be relied on for, tax or legal advice.

**Direct deposit funds may be available for use for up to two days before the scheduled payment date. Early availability is not guaranteed.

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According to Nerdwallet, Found is the best banking option for freelancers and self-employed workers. (Source)

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