I just became a 941 semiweekly schedule depositor. Monthly paychecks go out on the 10th every month. I only have to deposit taxes once monthly even though I'm semiweekly?

[Anonymous_]

This is really the wrong forum for information on payroll taxes, but you can find the rules at the links below.

https://www.irs.gov/instructions/i941#idm139935372412336

https://www.irs.gov/publications/p15#en_US_2019_publink1000202449

[Carl]

Nope. If you're scheduled as semi-weekly, then at a minimum you are expected to make the employer side of payroll taxes every two weeks. Not "twice a month", but *every* *TWO* *weeks*. I would suggest you change things to a quarterly deposit if that's realistic and feasible for you. If not, then change to a monthly depositor for your payroll taxes.

Most employers I've dealt with cut paychecks twice a month, but file/pay the 941 payroll taxes only once a month.