What are the quarterly tax dates for 2025?
The IRS has set four deadlines for estimated quarterly tax payments in 2025. These are:
- April 15, 2025 – First-quarter payment due.
- June 17, 2025 – Second-quarter payment due.
- September 16, 2025 – Third-quarter payment due.
- January 15, 2026 – Fourth-quarter payment due (for income earned in the last quarter of 2025).
It’s important to meet these deadlines to avoid penalties for underpayment.
How to Calculate Quarterly Taxes:
To calculate your 2025 estimated taxes, follow these steps:
- Estimate your total income for the year.
- Subtract deductions and tax credits.
- Use IRS Form 1040-ES to calculate your quarterly tax payments.
You can pay your taxes online through the IRS payment portal, or contact Dimov Tax for professional assistance in calculating and submitting your quarterly payments on time.
IRS Penalty Thresholds for 2025
| Criteria | Threshold for Avoiding Penalty |
| Pay 90% of 2025 taxes | Avoid penalty by paying at least 90% of total tax liability |
| Pay 100% of 2024 taxes | Avoid penalty if 100% of the previous year’s taxes are paid (110% for high-income individuals) |
Frequently Asked Questions
1. What happens if I miss a quarterly tax payment?
Missing a payment may result in IRS penalties. However, you can avoid penalties if you pay at least 90% of your total tax liability or match 100% of the previous year’s tax.
2. Can I adjust my quarterly payments?
Yes. If your income changes during the year, you can adjust your payment for the next quarter.
3. Where do I find IRS forms for estimated tax?
You can download IRS Form 1040-ES here.
4. Do I need to file quarterly taxes?
Yes, if you expect to owe $1,000 or more in 2025. This usually applies to self-employed individuals and freelancers.
5. How do I pay my quarterly taxes to the IRS?
You can pay your quarterly taxes through the IRS website using the IRS Direct Pay portal, by mail with Form 1040-ES, or by scheduling an electronic funds transfer (EFT).
6. What if I overpay my quarterly taxes?
If you overpay, the excess can be applied as a credit to your next quarterly payment or refunded when you file your annual tax return.
For expert guidance on managing your quarterly taxes, please contact us at Dimov Tax. We’re here to help you navigate your tax obligations and ensure you meet all deadlines.
