Tax Tips: The second quarter estimated tax payment deadline is June 16
IR-2025-65, June 6, 2025
WASHINGTON — The Internal Revenue Service today reminded taxpayers that second quarter 2025 estimated tax payment is due Monday, June 16.
Taxpayers that receive income not subject to withholding, such as income from self-employment, gig work, interest, dividends, capital gains, rent or 1099 earnings, may need to make estimated tax payments throughout the year. This includes freelancers, retirees, investors, businesses and corporations.
Why it matters?
Paying on time helps taxpayers avoid falling behind on their taxes and possible underpayment penalties.
Who needs to pay estimated tax?
• Taxpayers including sole proprietors, partners and S corporation shareholders who expect to have a tax liability of at least $1,000 for the year.
• Corporations that expect to owe tax of $500 or more. See Publication 542, Corporations.
• Individuals earning income from gig work, freelance work or from sales of goods and services, even if they receive a Form 1099-K. Recipients of Form 1099-K, Payment Card and Third Party Network Transactions must use it with other tax records to report income.
How to pay
Electronic payment is the most secure, fastest and easiest way to pay. Taxpayers can use:
• The IRS Online Account, Direct Pay with a checking or savings account, credit/debit card or digital wallet. Payment processors may charge a fee if paying with a credit/debit card.
• The Electronic Federal Tax Payment System (EFTPS).
• A check or money order made payable to the “United States Treasury” along with Form 1040-ES.
• The IRS2Go app.
Corporations must use electronic funds transfer, usually EFTPS, to make all federal tax deposits including installment payments of estimated tax.
For more information on payments visit Make a Payment.
... See MoreSee Less
