The IRS issued a reminder that the second quarter 2025 estimated tax payment is due on 16 June 2025.

The US Internal Revenue Service (IRS) issued IR-2025-65 on 6 June 2025, reminding taxpayers that the second quarter 2025 estimated tax payment is due on 16 June 2025.

Taxpayers who 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 USD 1,000 for the year.
• Corporations that expect to owe tax of USD 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 PDF 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 instalment payments of estimated tax.