As we approach mid-June, we want to give our business owners a friendly reminder about two important tax deadlines: Estimated Tax Payments (due June 16th) and Pass-Through Entity Tax (PTET) Payments (due June 20th).
Staying on top of them helps avoid penalties and keeps your tax planning on track.
The second-quarter estimated tax payment for individuals is due June 16, 2025. Rather than waiting until you file your tax return next April, the taxing agencies expect you to pay income tax as you earn income throughout the year. Making estimated payments quarterly helps spread out the tax burden and avoid interest or underpayment penalties later on.
Here are some quick links to help you make your payments (as applicable):
Federal: https://www.irs.gov/payments/direct-pay
Select Pay Individual Tax, Make a payment, Reason for Payment: Estimated Tax, Apply Payment to: 1040ES and select Tax Period for Payment: 2025, Continue; you will then likely be taken to a screen to verify your identity with information from a previous filing year – you may locate this information from your individual income tax return
Indiana: https://intime.dor.in.gov/eServices/_/#0
Payments, Make a payment, Non-bill payments, select your preferred payment method, Individual, Next, select SSN for ID Type, select Estimated Tax for Payment Type (or login to your INTime account)
For businesses, the second-quarter Pass-Through Entity Tax (PTET) payment is due on June 20, 2025. This payment is made by the business itself, not the individual. PTET allows certain eligible S corporations and partnerships to pay state income tax at the entity level, which may provide a federal deduction benefit for the business owners.
Our clients will likely also see reminders directly through the Qount portal. Please look for those notifications on your portal from us and make sure to log in to review those details (#Documents, Tax Returns & Action Items, 2025 Estimated Payments) to make your payments, and reach out if you have any questions or need help making the payment.
Once your payments are made, don’t forget to send us confirmation—a screenshot or forwarded email is fine, as long as it clearly shows the date and amount paid. This allows us to keep your records complete and accurate for tax reporting.
Lastly, if you've experienced any major changes—business growth, change of employment, investment activity, or other significant life updates—please let us know. These changes can impact your tax, and we want to make sure everything stays aligned.