941 monthly deposit coupon How and When Do I Make Payroll Tax Deposits?

941 monthly deposit coupon

If the 15th day of the month falls on a day that is not a banking day, the deposit will be considered timely made if it is deposited by the close of the next banking day.

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The deposit rules are based on the day wages are actually paid, not when the employment tax liabilities are accrued. The check or money order issued in payment of taxes should be made payable to the financial institution at which the deposit is being made.

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The tax liability on a Form PDFEmployer's Quarterly Federal Tax Return includes your employees' withheld Federal income tax, social security tax, Medicare tax, and your share of social security and Medicare tax. This time period is called a look-back period.

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