What is auto tax payment?
Automatic withdrawals from an account to pay taxes for you online.
How to set up auto tax payments
You can pay your taxes through Catch either manually or automatically. To make an estimated payment to the IRS through Catch, you have to have the funds available in your Tax balance. Next, when you’re ready to make a payment, click here or navigate to the Tax page, click "Transfer," and select “Make a tax payment.” Catch will walk you through the process to complete the payment.
If you want to automate your quarterly tax payments, you can toggle on Auto Tax Payments, which will ensure you never miss a tax due date, as Catch sends automated payments to the IRS before each deadline.
How are payments made?
Catch uses an IRS authorized payment intermediary and something called the Electronic Federal Tax Payment System (EFTPS) to process your tax payment. EFTPS is the system used by the IRS to collect estimated tax payments. After you set up taxes in Catch, EFTPS will send you a letter with all your payment and enrollment information. If you are already enrolled in EFTPS, you can safely ignore this letter. Your Catch payments will show up in your existing account.
- Making a payment through Catch doesn’t mean you’ve completed filing your taxes. You have to file your taxes separately. Even if you make estimated tax payments, you may still owe taxes when filing your return at the end of the year.
- Make sure you pay the full amount. If the payment you sent through Catch is less than the total amount you owe, you are responsible for making a separate payment for the remainder.