Why are my Federal Taxes payments each month so high???

Let's work together to figure this out@emdiesen. 

I know how important money is in running a business, and I have some ways to follow to help figure out why your federal taxes payment is high.

There are a lot of possibilities why your federal taxes payment is high. These are the following: 

• You have late fees. Directly go to Taxes, then select Payroll taxes and review the data from there. 
• The tax deposit frequency is set to semi-weekly or yearly instead of monthly. 
• Maybe you run the payroll twice. 

To check your deposit frequency, follow the steps below: 

1. Go to the Gear menu and select Payroll Settings. 
2. Click the pencil icon next to the federal you wish to review. 
3. Beside How often do you file and pay your taxes, click the Edit hyperlink. 
4. 1. Double-check your deposit schedule and modify it if need be. 

For more details, see this article: Change your payroll tax payment or filing schedule.

 I'd recommend running the Payroll Summary report to double-check your payroll and taxes. You'll see the summary of the paychecks you've created, including total wages, taxes, and deductions. 

Do the following: 

1. Go to the Reports tab on the left side. 
2. Type the report name in the search box and press Enter on your keyboard. 
3. Filter the date Date Range and other appropriate fields. 
4. Review the data. 

Additionally, QuickBooks will depend on this factor when calculating tax: 

• Employee's filing status
• Number of allowances or extra withholding amounts in the employee setup
• Pay Frequency
• Gross wage in a given period. 

For more details, see page 10 IRS Pub 15-T for FIT Withholding tables.

Furthermore, check out these articles below on how to use automatic tax payment and view tax forms in QuickBooks: 

• Access payroll tax forms and tax payments
• Manage automatic tax payments and form filings

Get back to this page if you have further questions. I'll be around and happy to help again. Keep safe.