Semiweekly schedule for payroll tax deposits
When deposits are due for semiweekly filers.
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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 Friday||Following Wednesday|
|Saturday, Sunday, Monday, and/or Tuesday||Following Friday|
Lookback period definition:
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.