Prepare for Quarterly Taxes

How does Ruby Money help me save for taxes?

Ruby Money sets aside funds for federal, state and self-employment taxes each time you get paid automatically so you don't forget.

Why do I set my tax autosave rules as a percentage?

Your business income likely varies by week, month, and client. We’ve found that the best way to make sure you set aside the right amount for taxes is to set aside a percent of every payment vs. a dollar amount.

How can I adjust my tax autosave rate?

To update your Tax Saving Rate:

• In your app dashboard, scroll to the Autosave Rates card
• Select the Pencil Icon to edit your Tax Rate
• Use the slider to adjust your savings rate
• Select Save

Where does Ruby Money store my tax funds?

We store your funds in an FDIC-insured deposit account with our partner Blue Ridge Bank N.A. You can transfer funds anytime back to your connected bank account in the Ruby Money app.