When to Deposit Employment Taxes

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There are two deposit schedules for employment taxes:

• Monthly, or
• Semiweekly

These two schedules determine WHEN you must deposit the following taxes:

• Federal income taxes withheld
• Social security taxes
  • Employee's and employer's share
• Medicare taxes
  • Employee's and employer's share

These deposit schedules tell you when a deposit is due after a tax liability arises, for example, when you have a payday.