June is a critical month for millions of American taxpayers, but whether it brings good news or a pressing deadline depends entirely on your tax situation. While many who filed their 2024 tax returns are expecting refunds to hit their bank accounts any day now, the IRS has also issued an urgent reminder for another group: a crucial quarterly estimated tax payment is due on Monday, June 16.
Here’s a complete breakdown of who is getting paid, who needs to pay, and how to track it all.
For Those Awaiting a Refund: An Average of $2,945 is Coming
If you’ve already filed your 2024 tax return and are waiting for your money, there’s good news. The IRS confirmed on April 25 that the average tax refund this year is $2,945—a significant amount that can help with summer bills, savings, or travel.
The speed of your refund depends heavily on how and when you filed. As a simple rule, those who e-filed with direct deposit will receive their money significantly faster than those who mailed a paper return.
Expected IRS Refund Schedule for June 2025:
| If You Filed Between… | E-File w/ Direct Deposit Arrival | Paper File (Check by Mail) Arrival |
|---|---|---|
| May 1 – May 15, 2025 | May 22 – June 4 | May 29 – June 11 |
| May 16 – May 31, 2025 | June 6 – June 19 | June 13 – June 26 |
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How to Check Your Refund Status The easiest way to track your money is by using the official “Where’s My Refund?” tool on the IRS website. You will need three pieces of information:
- Your Social Security number
- Your filing status (e.g., Single, Married Filing Jointly)
- The exact refund amount shown on your tax return
Updates typically appear within 24 hours for e-filers. If it has been more than 21 days since you e-filed or six weeks since you mailed your return, it may be time to use the tool or contact the IRS. Delays can occur due to simple errors, missing information, or ongoing IRS staffing shortages.
For Freelancers & Gig Workers: Your June 16 Payment is Due
While some await refunds, the IRS has reminded millions of others that their second estimated tax payment for 2025 is fast approaching.
The deadline to pay is Monday, June 16, 2025. This payment covers income earned between April 1 and May 31.
Who Needs to Pay Estimated Taxes? You are generally required to pay quarterly estimated taxes if you expect to owe at least $1,000 in taxes for the year and earn income not subject to federal withholding. This includes:
- Freelancers and gig workers
- Self-employed individuals and sole proprietors
- Small business owners, partners, and S corporation shareholders
- Anyone earning significant income from interest, dividends, capital gains, or rental income.
Even if you have a regular job with W-2 withholding, you may still need to make estimated payments if you have substantial side income.
How to Calculate and Pay Your Quarterly Taxes To determine your payment, you must estimate your adjusted gross income, deductions, and credits for the year. The IRS provides the Form 1040-ES, Estimated Tax for Individuals, which includes a worksheet to guide you.
The fastest and most secure way to pay is electronically. Your options include:
- IRS Direct Pay: Pay directly from a bank account for free.
- IRS Online Account: Pay via bank account, debit/credit card, or digital wallet (fees may apply for cards).
- Electronic Federal Tax Payment System (EFTPS): A secure federal system for businesses and individuals.
- IRS2Go App: The official mobile app for making payments.
- Check or Money Order: Make it payable to the “United States Treasury.”
Filing and paying on time is crucial to avoid potential penalties. The remaining deadlines for 2025 are September 15, 2025, and January 15, 2026.
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