Catch helps you set aside money to cover your state and federal tax obligations, but it is your responsibility to file and pay your taxes. Even if you pay quarterly taxes, you may still owe taxes when filing your return.
You can make estimated tax payments directly to the IRS through Catch. However, if you owe estimated taxes to your state, you'll need to pay them outside of Catch at this time. When withdrawing funds from your Catch account to your linked bank account, we recommend factoring in at least 3 business days’ processing time.
The amount of state and local income tax you pay will depend on how much income you earn and the tax rate of the state or locality where you live. To find out how much you owe and how to pay it, check your state's website or find tax information by state.