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    Semiweekly schedule for payroll tax deposits

    Article ID: 2000634

    Overview

    When deposits are due for semiweekly filers.

    Assumptions

    You have an active payroll subscription.

    Details

    You are a semiweekly depositor if the total taxes on Line 10 of Form 941 for the lookback period were more than $50,000. Use the following semiweekly deposit schedule to deposit taxes:

    Payment days/deposit periods:Deposit by:
    Wednesday, Thursday, and/or FridayFollowing Wednesday
    Saturday, Sunday, Monday, and/or TuesdayFollowing Friday

    Lookback period definition:

    Your deposit schedule for a calendar year is determined by the total taxes reported on Line 10 of your Form 941 in a four-quarter lookback period. The lookback period begins July 1 and ends June 30 of the prior year; for example, your lookback period for the 2013 tax year is July 1, 2011 through June 30, 2012.

    Because your deposit schedule is determined annually by the lookback period, it's important that you review your accumulated tax liability at the beginning of each year to see whether or not your deposit schedule has changed. See IRS Publication 15, Circular E, Employer's Tax Guide, for more information.

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