Planning for Q3 Estimated Taxes: What to Know Before You Pay

For many self-employed individuals and small business owners, quarterly estimated taxes are a constant part of life. But let’s be honest—Q3 payments can feel especially challenging. You’re deep into the year, often focused on summer travel, client work, or trying to recover from Q2 chaos. But skipping Q3 or underpaying can lead to penalties that really sting come tax time.

📆 When Is Q3 Due?

This year, the Q3 estimated tax deadline is July 15th.

🧾 Who Needs to Pay?

If you’re self-employed, a freelancer, own rental property, or earn money without tax withholding (including crypto or investment income), you probably need to make quarterly payments.

Miss a payment—or underestimate—and you could face:

• Underpayment penalties

• Interest charges

• A large balance come tax season

🔢 How to Calculate It

The easiest method is using IRS Form 1040-ES or a trusted tax advisor (hi 👋). If your income varies, it’s worth using the annualized income method to avoid overpaying.

🛠 Tips to Stay Ahead

• Set calendar reminders (seriously!)

• Keep business and personal finances separate

• Review year-to-date income monthly

• Work with a pro to adjust if needed

🧭 We’re Here to Help

At Tax Pros HQ, we help clients set up easy systems to track earnings and stay compliant year-round—not just in April. Let’s talk before Q3 hits your inbox.