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?

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

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.