An Essential Tax Deadline is Coming Up
Mark your calendars and stock up on coffee—Tuesday, April 15, 2025, is just around the corner. Yes, it’s that special day when accountants celebrate their “New Year’s Eve,” fueled by spreadsheets, calculators, and an unhealthy amount of caffeine. For taxpayers, it’s the infamous annual filing deadline, but wait—there’s more! It’s also the day the IRS expects your first quarterly estimated tax payment for 2025. That’s right, it’s a double-header of deadlines designed to keep you and your CPA on your toes.
Basic details
You may have to make estimated tax payments for 2025 if you receive interest, dividends, alimony, self-employment income, capital gains, prizes or other income. If you don’t pay enough tax through withholding and estimated payments during the year, you may be liable for a tax penalty on top of the tax that’s ultimately due.
Estimated tax payments help ensure that you don’t wind up owing one large lump sum — and possibly underpayment penalties — at tax time.
When payments are due
Individuals must pay 25% of their “required annual payment” by April 15, June 15, September 15, and January 15 […]