Publication 5258 - Federal Tax Deposits Page 13
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32Chapter 2 • Federal Tax Deposit Rules for Form 941 Taxes
description of deposit schedules
Now that you know how to determine if you are a Monthly Schedule Depositor or
a Semiweekly Schedule Depositor, you are ready to learn the deposit requirements
for each schedule.
1.
monthly schedule depositors — Deposit each month’s taxes by the 15th of the
next month.
JuLY
AuGuST
S M T w T F S
S M T w T F S
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[
Deposits for payroll paid any
day in July are due on (or
before) August 15.
2.
semiweekly schedule depositors — Most employers will make deposits on
Wednesdays or Fridays, depending on when you pay payroll.
AnY week
“Semiweek-
ly” depositors only have
Sun
Mon
Tue
weD
THu
Fri
SAT
to make deposits twice a
Payday
week if they pay payroll
Payday Payday Payday
Deposit
more than once a week.
For example, if you paid
hourly employees on Fri-
For wages paid Saturday, Sunday, Monday or
days,
and
salaried
Tuesday, deposit taxes by following Friday.
employees on the 5th
and 20th of a month,
you may end up with
AnY week
two different paydays in
Sun
Mon
Tue
weD
THu
Fri
SAT
a week, and could have
to make one deposit on
Payday Payday Payday
Wednesday and anoth-
Deposit
er on Friday.
For wages paid Wednesday, Thursday, or Friday,
deposit taxes by following Wednesday.
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