Asian man with beard working on a tablet and a laptop at home

Self-employed workers have until Monday to make their second-quarter tax payment or face 6% IRS interest that compounds daily

Freelancers, gig workers, and other self-employed individuals face a hard deadline this Monday for their second-quarter estimated tax payment. Missing it triggers an automatic interest charge from the IRS at a 6% annual rate, and that interest compounds daily, not monthly or quarterly. For independent earners who already manage uneven cash flow, even a short…

Read More
Young african american woman wearing apron sitting at table in front of laptop in modern cafe taking...

Quarterly estimated taxes are due in 4 days — self-employed workers who underpay June 15 owe 6% IRS interest, compounding daily

Self-employed workers, freelancers, and gig earners face a hard deadline on June 15 for their second-quarter estimated tax payment, covering income earned from April 1 through May 31. Anyone who underpays or skips the installment will owe IRS interest at a 6% annual rate that accrues daily on the shortfall until the balance is cleared….

Read More
Business and financial concept with tax form 1040 desktop background closeup

The IRS may owe you a refund for penalties paid between 2020 and 2023 — you have 29 days left before the July 10 deadline

Taxpayers who paid penalties on late-filed returns for tax years 2020 through 2023 have until July 10, 2026, to file protective refund claims with the IRS, a deadline tied to a federal court ruling that interpreted COVID-19 disaster relief provisions far more broadly than the agency itself has acknowledged. The clock is ticking: only 29…

Read More
Fashion designer working on a laptop in her studio.

Quarterly estimated taxes are due in 4 days — self-employed workers who underpay June 15 owe 6% IRS interest, compounding daily

Self-employed workers across the United States face a June 15, 2026 deadline to submit their second-quarter estimated tax payments to the IRS. Those who fall short will begin accruing interest at a 6 percent annual rate, compounded daily, on every dollar they owe. With four days left, the math is simple but unforgiving: each day…

Read More
Troubled teenager is feeling attached his father.

Parent PLUS borrowers must consolidate by June 30 to keep an income-driven plan

Parents who borrowed federal Parent PLUS loans to help pay for a child’s college education face a hard deadline: they must consolidate those loans into a Direct Consolidation Loan before June 30, 2026, or permanently lose access to income-driven repayment and Public Service Loan Forgiveness. The cutoff traces directly to the One Big Beautiful Bill…

Read More
woman in white long sleeve shirt holding white printer paper

Medicaid’s new 80-hour-a-month work rule for adults 19 to 64 starts January 1, 2027, and states can begin sooner

Millions of non-pregnant adults ages 19 to 64 who receive Medicaid coverage will need to document 80 hours a month of work, volunteering, education, or job training to stay enrolled. The federal deadline is January 1, 2027, but states can start enforcing the rule earlier if they choose. With less than seven months until that…

Read More