If you’re self-employed in the U.S., there’s an important tax deadline coming up: Monday, June 16, 2025. This is the due date for your Q2 estimated tax payment to the IRS. Because June 15 falls on a Sunday this year, the IRS considers payments made by Monday the 16th to be on time.
If you’re a freelancer, independent contractor, or small business owner, you’re likely responsible for paying your own taxes throughout the year—not just in April. Estimated tax payments help cover your federal income tax, self-employment tax, and any other taxes you may owe.
What You Need to Do Before June 16
1. Estimate your Q2 income and taxes
Calculate your business income and expenses for April and May to estimate your net profit. Use IRS Form 1040-ES or an online tax calculator to determine how much you should pay for Q2. For more information, please visit https://www.irs.gov/businesses/small-businesses-self-employed/estimated-taxes
2. Account for Q1 and plan for Q3
If you underpaid in Q1, consider adjusting your Q2 payment to avoid penalties. If your income is rising, now is a good time to bump up your savings rate for taxes.
3. Review your expenses and deductions
Are you tracking mileage, subscriptions, equipment, and home office costs? Every deductible expense reduces your tax bill. If you’re using Foreceipt, just scan your receipts and let the app categorize and store everything securely.
4. Schedule your payment
Use IRS Direct Pay, EFTPS, or your tax software to send your payment. Avoid mailing a check last minute as e-filed payments are safer and processed faster.
How Foreceipt Can Help You Stay Organized
Foreceipt is built for self-employed professionals who need a better way to track expenses. Our app:
- Uses AI to extract and record receipt data instantly
- Organizes expenses into IRS-friendly categories (like meals, office supplies, travel)
- Let you export expense reports for any quarter with one click
- Stores receipts securely in the cloud (perfect for audit protection)
With Foreceipt, you always know what you spent, when you spent it, and where it fits on your taxes.
Final Thoughts
Don’t let the June 16 estimated tax deadline catch you off guard. Take a few minutes now to organize your finances, calculate what you owe, and get your payment scheduled. And if you want to make this process easier every quarter, let Foreceipt do the heavy lifting.
Start tracking smarter today.
Sign up for Foreceipt and take control of your expenses before the next deadline.
Disclaimer: This blog post is for informational purposes only and does not constitute tax advice. Please consult a tax professional or the IRS for guidance specific to your situation.
