Quarterly Estimated Taxes 2025 — Don’t Miss Your Q2 Deadline
Summer is heating up—and so are your IRS deadlines. For self-employed professionals, contractors, and small business owners, June isn’t just vacation season—it’s tax season, too.
The Q2 estimated tax payment is due June 16, 2025 (moved from June 15 since it falls on a Sunday). Miss it, and you may face penalties that compound all year long.
Q2 2025 Deadline at a Glance
Payment Due: Monday, June 16, 2025
Covers Income: April 1 – May 31, 2025
Who Must Pay:
Freelancers and contractors (1099 workers)
Small business owners with untaxed income
Investors and landlords with no withholding
How to Know if You Owe Estimated Taxes
General IRS rule: Pay if you expect to owe $1,000+ in taxes for the year.
Quick check:
Did your Q1 income exceed expectations? → Adjust now for Q2.
Do you have side hustle or contract income with no withholding? → Yes, you likely owe.
How to Calculate Q2 Estimated Taxes
Safe Harbor Rules apply: Pay the smaller of—
90% of your expected 2025 total tax, OR
100% of your 2024 tax liability (110% if AGI > $150,000).
💡 Pro Tip: Use your April–May P&L to get accurate numbers and adjust for new deductions.
Penalties for Missing Q2 Payment
Failure-to-pay penalty: 0.5% of unpaid tax/month.
Interest charges: Accrue daily at ~8% in 2025.
Catching up later doesn’t erase these penalties.
Smart Planning Tips for Q2
Don’t double-pay Q1 + Q2. Make sure your April payment posted before sending June’s.
Check your P&L. Seasonal income spikes? Adjust Q2 to avoid a big Q3/Q4 burden.
Deduct strategically. Retirement contributions or large purchases may lower what’s due.
Keep it automated. IRS EFTPS ensures you hit the June 16 deadline on time.
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1. When is the Q2 2025 deadline?
June 16, 2025 (moved from June 15 since that’s a Sunday).2. What period of income does Q2 cover?
April 1 – May 31, 2025.3. Can I use my Q1 numbers for Q2?
No—you should update based on April–May income. Each quarter stands alone.4. What if I pay extra in Q2?
It applies toward your total 2025 tax—any excess offsets later quarters.5. Do penalties apply if I miss Q2 but pay Q3 on time?
Yes—penalties accrue for each missed deadline separately.
Q2 is the easiest quarter to slip past—it’s right in the middle of the year. But staying on top of it means fewer penalties and smoother finances heading into Q3.
Want help calculating your quarterly payments and cutting them down with smart deductions?
Join our 2025 Tax Season Waitlist now: tbtxsolutions.com/join
