Estimated Quarterly Tax Spreadsheet Template

✓ Automatically keep your tax finances organized
✓ Effortless tax prep with everything in one place
✓ See real-time estimates of state and federal taxes owed
✓ Know when your next tax payment is due
✓ Updated with 2020 mileage and tax rates

A spreadsheet template for people who need to track and estimate quarterly tax payments.

The Estimated Quarterly Tax Spreadsheet is perfect for freelancers, small business owners, consultants, and anyone who makes money without having state and federal taxes automatically withheld at payment.

Get this free template with the Tiller Labs Add-on for Google Sheets. This template works best with spreadsheets powered by Tiller Money Feeds.


Tax prep that takes minutes, not hours

Tiller Money automatically collects your personal and small business bank data throughout the year and keeps it organized in easy-to-share spreadsheets.

Effortlessly categorize business transactions

See business transactions from your credit cards, bank accounts, loans, and other accounts together in one dashboard.

Categorize and tag business transactions in minutes, or use AutoCat for Google Sheets to automatically categorize transactions based on your custom rules.

Estimate what you’ll owe in real-time

See real-time estimations of what you owe for the quarter. Use manual adjustments to project liability for the year ahead.

See net profit & estimated tax detail by quarter

The Net Profit & Estimated Tax Detail by Quarter report offers a view of your quarterly earnings, spending, net profit, and estimated taxes. It also includes helpful reminders of reporting period date ranges and payment due dates.

Easily track income & expense transaction data

The Income & Expense from Transactions report provides a summary of business income and expenses based on categorized data in the Transactions sheet.

Profit & Tax Payments Summary

The Profit and Tax Payments Summary provides a quick view of quarterly net profit and estimated tax payments. The estimated tax payments are broken down by cumulative quarterly total, estimated federal and state payments, and the tax payments you’ve already made.

Business Income/Expense Category Detail by Quarter

See a breakdown of your spending and earnings organized by type (income vs expense), group, and categories.

Easily track itemized deductions

The Estimated Quarterly Tax sheet defaults to the standard deduction based on your filing status. However, you can itemize your deductions by following these rules. Consult with your tax advisor on whether you should use the standard deduction or an itemized deduction.

  • See quick expense totals and spending for all business expense categories.
  • Track and estimate home office deductions, including rent or mortgage interest, utilities, and insurance on your office.
  • Track business mileage based on the IRS’s standard rate for the tax year.

Easily adjust income & expenses

Easily make manual adjustments to spending and earnings for accuracy

Share your tax sheet with a partner

Because the Estimated Quarterly Tax template is based in Google Sheets, it’s easy to share access with your accountant, tax preparer, and business partners.


Note: this tool is not recommended for those with complex tax situations, those who may be subject to Alternative Minimum Tax, multi-member LLCs, partnerships, or LLCs taxed as an S-Corp. Review the Assumptions and Expectations for more information about how to use this tool.

FAQ – Tiller Money Labs Tempates

  • How do I get this template?

    The best way to use a Tiller Money Labs template is with a Google Sheet powered by Tiller Money Feeds.

    All Tiller Money Labs templates and tools are installed into Google Sheets via the free Tiller Labs Add-on for Google Sheets.

  • How much does this template cost?

    All Tiller Money Labs templates and tools are free. However, they are optimized for use in Google Sheets powered by Tiller Money Feeds.

  • What is Tiller Money Labs?

    Tiller Money Labs builds templates, tools, and workflows for spreadsheets powered by Tiller Money Feeds. About Tiller Money Labs

  • How do I get help with a Tiller Money Labs template?

    Need help with a Tiller Labs project, or want to know more about how it works? Visit the Tiller Labs category of the Tiller Money Community, where you can get help from the Tiller team and spreadsheet enthusiasts around the world.

  • What do I get with a Tiller Money subscription?

    Only Tiller Money automatically updates spreadsheets with your daily finances so you can easily track everything in one place with the greatest flexibility and control.

    You can try Tiller Money completely free for 30 days. Every Tiller Money subscription includes:

  • Works with AutoCat

    This template is compatible with AutoCat for Google Sheets, which can automatically categorize transactions for you. Learn about AutoCat →

     

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