While I get paid for what I do, either by check, direct deposit or digital transfer, no taxes are withheld from those payments. And come each spring, I have to settle up with the IRS. My accountant says I should regularly set aside some money to meet that tax liability. I know that’s easier said than done and so do the people who created Track.
Track is an automated tax withholding service that silently and painlessly withdraws a few dollars from your bank account and deposits it in a separate account dedicated just for taxes.
The service uses bank-level encryption and security, so it can make withdrawals without seeing any of your private information, just the way you can give permission to a merchant or utility company to automatically withdraw a bill payment.
Track updates your tax calculations with each paycheck or purchase and it lets you know how much money to set aside or if there is a tax deadline approaching.
The service costs $9 per month with no contract and no minimum time period. To check it out, visit the Track website.