The Internal Revenue Service is reminding individuals and businesses that the second quarter estimated tax payment for 2025 is due on Monday, June 16.
This deadline applies to taxpayers who receive income not subject to withholding, such as from freelance work, self-employment, gig jobs, investments, or rental properties.
Who needs to pay?
Estimated tax payments are required for:
- Sole proprietors, partners, and S corporation shareholders expecting to owe at least $1,000 in taxes for the year
- Corporations that expect to owe $500 or more
- Freelancers, contractors, and gig workers receiving 1099 income
- Individuals with dividends, capital gains, or rental income
Those who fail to pay enough throughout the year may face underpayment penalties, even if they’re due a refund later.
How to make a payment
The IRS recommends electronic payments as the fastest and most secure option:
- IRS Online Account
- Direct Pay with a bank account
- Credit/debit card or digital wallet (fees may apply)
- IRS2Go app
- Electronic Federal Tax Payment System (EFTPS) — required for corporations
- By mail using Form 1040-ES, if necessary
Why paying now matters
Making estimated payments on time helps avoid:
- Late fees or penalties
- Getting behind on tax obligations
- A large unexpected bill at tax time
Taxpayers should calculate their estimated payments using Form 1040-ES or consult Publication 505 for guidance, especially if their income varies throughout the year.
What if you’re not sure?
Taxpayers who are unsure if they need to make a payment can use the IRS Tax Withholding Estimator or consult a tax professional. You may also adjust your employer withholdings by filing a new Form W-4 to avoid needing estimated payments in future quarters.
Special rules apply
Certain groups like farmers, fishermen, and high-income earners may be subject to different estimated tax requirements. There are also waivers available for those impacted by disasters, retirement, or disability. For details, refer to Form 2210 Instructions.
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