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…