IRS Warns Taxpayers To Meet June 16 Payment Deadline

The IRS has set the second-quarter estimated tax payment deadline for June 16, 2025, crucial for individuals with income not subject to withholding such as self-employment earnings, capital gains, and rental income, to avoid penalties and interest that compound daily. Taxpayers expecting to owe at least $1,000 are required to make these quarterly payments, which are distinct from employer withholding schedules and often overlooked, especially by those with irregular income streams. Similarly, in India, advance tax payments are due by June 15, 2025, requiring taxpayers with liabilities over ₹10,000 to pay 15% of their expected tax to avoid interest charges for late payments. Meanwhile, the IRS continues to process and disburse refunds and child tax credit payments throughout June, with taxpayers advised to track payments and be aware of potential delays. Parents employing maternal assistants in France face their own June payment obligations related to paid leave, highlighting the global nature of mid-year tax and payroll responsibilities. These deadlines underscore the importance of timely tax payments worldwide to prevent financial penalties and ensure compliance.