I'm happy to share some insights as to how you can apply your federal tax credit in QuickBooks Online (QBO), @Alex984636. This way, you can manage your taxes and keep your payroll data updated.
The information you've provided above are the appropriate steps on how you can record a tax credit in QBO. There isn't a deadline to apply your federal tax credit. It has to be done on a quarterly basis, but you'll first need to make sure that the posting of the total amount you paid to the agency is completed. This way, you're certain that the credit you'll be recording is approved and valid.
QBO ensures that Form 941 is available for filing way before the due date. To learn more as to how QBO populates the lines on the form, please refer to this article: How QuickBooks populates Form 941.
Also, to further guide you in paying or filing your state and federal payroll taxes online, I'd recommend checking out this article: Pay and file payroll taxes and forms in Online Payroll.
Let me know in the comments if you have other payroll and tax credit concerns in QBO. I'm always ready to help. Take care, and I wish you continued success, @Alex984636.
