File Form 945 to report income tax withheld for 2022 on all nonpayroll items, including backup withholding and withholding for pensions, annuities, and gambling winnings. If the employer deferred paying the employer share of social security tax or the railroad retirement tax equivalent in 2020, 50% of the deferred amount of the employer share of social security tax was due by January 3, 2022. Youll need to add your federal 941 and state withholding deposit frequencies in QuickBooks Desktop so your tax payments can be paid on time. If the 15th falls on a weekend or a federal holiday, you need to deposit the next banking day. State withholding deposit frequencies vary. If you reported $50,000 or less of Form 941 taxes for the lookback period, youre a monthly schedule depositor; if you reported more than $50,000, youre a semiweekly Unemployment payroll taxes were created by the Federal Unemployment Tax Act (FUTA) of 1939 and serve to fund the federal governments unemployment programs. A payroll service is an outside company that takes over all of your payroll functions, including sending out reports and payments when they are due, for both federal and state payroll taxes. If you need additional time to file certain information returnssuch as Forms 1094-C, 1099, or 8027submit Form 8809 to the IRS by March 31, 2022 for an automatic 30-day extension of the deadline. Deposit social security, Medicare, and withheld income tax for payments on January 7, 8, 9, and 10 if semi-weekly depositor. Under the monthly deposit schedule, deposit accumulated taxes on payments made during a calendar month by the 15th day of the following month.. Federal tax returns must be filed on a quarterly or annual basis. The IRS also provides a free, downloadable Tax Calendar that contains all the federal tax due dates for the year, as well as an electronic reminder system. For nonpayroll withholding: If the monthly deposit rule applies, deposit the tax for payments in December 2022. Box 597 Benton Harbor, MI 49023. See how one payroll admin got her weekends back by turning to Paylocity to handle the payroll taxes. Deposit social security, Medicare, and withheld income tax for payments on December 31, 2022, and January 1, 2, and 3, 2023 if semi-weekly depositor. As a Registered Reporting Agent with the IRS, we can help prepare and file all the necessary forms you need to remain compliant - even in the face of changing legislation. The bad news is that the due date depends on your business and when the IRS tells you to pay the taxes. If you are a monthly depositor, deposit all federal income, Social Security, and Medicare taxes (both employee and employer) by the 15th day of the following month. Report your total taxes deposited, using Form 941, by January 31. Last day to furnish Form W-2, Wage and Tax Statement, to employees to report wages, allocated tips, and amounts withheld from wages in 2022. Monthly depositors If youre a monthly payroll tax The IRS has also ended penalty relief for reporting errors in 2021, so its extra important that the information transmitted to the IRS for filing year 2021 is accurate and without error. WebDue dates on this chart are adjusted for Saturdays, Sundays and 2023 federal legal holidays. I have more than $10,000 in debt. Withholding, remitting, and reporting payroll taxes are all a necessary part of being an employer. Many of the potential payroll tax penalties are the same ones youll find when youre dealing with other types of taxes. Employers with 50 or more full-time equivalent employees (also known as applicable large employers, or ALEs) must send Form 1095-C to the IRS and to all of their employees who are eligible for health insurance coverage. If your plan fails these nondiscrimination tests, also called the Actual Deferral Percentage (ADP) and Actual Contribution Percentage (ACP) tests, you must correct these shortcomings using the steps laid out in your plan document during the statutory correction period. Which day you receive your check depends on your birth date. For example, taxes you incur in January are due by February 15. Payroll Tax Payments are Due on January 15, 2022 . If an organization pays its employees on a Saturday, Sunday, Monday, or Tuesday, taxes must be deposited by the following Friday. 2021, Aatrix Software, Inc. All rights reserved. When to pay federal payroll taxes depends on the IRSs guidelines. Payroll software can help you with all the details and can make the deposits for you by connecting with your payroll account. (Employers that deposited the tax for the year in full and on time have until February 10 to file Form 945.) The IRS uses variations of Form 1099 to track the different kinds of income or payments (besides salaries, wages, and tips) that taxpayers receive throughout the year. The instructions for each form linked above contains a list of the addresses for each scenario under Where Do You File?. The due date for filing Form 940 for 2022 is January 31, 2023. The due date for the December 2022 monthly payment has been extended to Monday 16 January 2023. The best source of information for this subject is the IRS Publication 15, though its site also has a handy overview page of the different tax types described above. Additionally, employers that meet one of the following qualifications must electronically submit last years data to OSHA by March 2, 2022: Companies with contractors and their own employees also have requirements: if the contractor has an employee who is under the day-to-day supervision of the contractor, the contractor is responsible for recording the injury or illness. All Rights Reserved. The IRS will impose penalties if the payments are made late. For more information on your payment schedule and federal payroll tax deposits in general, read Publication 15. Remember that the pay date plays a role in paying the taxes if youre a monthly depositor. The IRS and state withholding agencies determine how often you need to pay your federal 941 taxes (federal withholding, Social Security, and Medicare) and your state withholding tax. Keep reading for the important tax, payroll, and compliance deadlines to remember for the month of March. How much you paid in federal payroll taxes during the lookback period determines your deposit schedule for the next tax year. Since employment laws change over time and can vary by location and industry, consult a lawyer or HR expert for specific guidance. Deposit social security, Medicare, and withheld income tax for payments on January 21, 22, 23, and 24 if semi-weekly depositor. Your deposit schedule isn't determined by how often you pay your employees or make deposits., Your business will be a monthly schedule depositor for a calendar year if the total tax reported for your look-back period was $50,000 or less. P.O. Deposit taxes for payments made Saturday Tuesday by the following Friday. If all of this work seems overwhelming, consider either a payroll service orpayroll software. We know there's a lot that goes into preparing and filing payroll tax forms. Diversity, Equity, Inclusion, & Accessibility, 2023 Payroll Tax Deposit and Form 941 Due Dates, Frequently Asked Questions About Paying and Filing Payroll Taxes, Federal insurance Contributions Act (FICA), the maximum wage subject to Social Security taxes for the year, wage base limit will increase to $160,200 for 2023, Federal Employer Identification Number (FEIN), Electronic Federal Tax Payment System (EFTPS). The Occupational Safety and Health Administration (also known as OSHA) requires most companies with 10 or more full-time workers to maintain a yearly record of all reportable workplace injuries and illnesses, along with the time and place they occurred and other relevant details, using Form 300A. Semiweekly depositors must follow a strict tax deposit schedule: To learn even more about monthly and semiweekly deposit schedules, check out IRS Publication 15. Youll still be responsible for furnishing any required statements to the taxpayer recipients. Payroll Solutions to
year if the total taxes during your lookback period were more than $50,000. For example, taxes you incur in January are due by February 15. Tax calendar by year. When employers offer benefit plans like 401(k)s and 403(b)s to their workers, they must make any required deposits in a regular and timely manner. Begin withholding income tax from the pay of any employee who claimed exemption from withholding in 2022, but did not provide Form W-4 to continue the exemption for 2023. Payments will be recalculated based on your new balance, which could potentially reduce your monthly payment. Send returns via the U.S. All Rights Reserved. This article has been updated from its original publication date of February 15, 2017. There are two main types of federal payroll-related taxes you must remit: *Remember that Social Security and Medicare taxes are part of the Federal Insurance Contributions Act (FICA), and both employers and employees pay these taxes. (Employers that deposited all of the tax when due have until February 10 to file Form 944.) (Employers that deposited the tax for the year in full and on time have until February 10 to file Form 940.) I have more than $10,000 in debt. Deposit or pay any undeposited tax under the accuracy of deposit rules. City Tax Rates. Privacy Center As is true for deposits, the returns you must file for your income and FICA taxes are different from the returns you file for your FUTA taxes. Alcoholic beverages tax Individuals; Registered distributors; Beverage container deposits; Congestion surcharge; Employer Compensation Expense Program; Fuel use tax (IFTA) Hazardous waste tax; Highway use tax; Medical cannabis excise tax; Mortgage So, for those of you who need a little help remembering when to file a return, submit a report or pay a tax, we pulled together a list of the most important 2022 federal income tax due dates for individuals. Reports included in this table: At the end of the year, the employer must complete Form W-2, Wage and Tax Statement, to report wages, tips and other compensation paid to an employee. In addition, several 2021 due dates were extended to January 3, 2022, for other natural disaster victims. For example, you pay your employees semimonthly. Only for employers that deposited the tax timely, properly, and in full. Income taxes are paid solely by each employee, but employers must still collect and deposit these taxes on the employees behalf. Sales and Use Tax. Certain small employers must file Form 944 to report social security and Medicare taxes, and withheld income tax for 2022. Both federal and state unemployment insurance taxes are paid entirely by the employer. When to pay federal payroll taxes depends on the IRSs guidelines. File Copy 1 to an employees state or local tax department. Deposit or pay your taxes on or before the deadline, using EFTPS. (Employers that deposited all of the tax timely, properly, and in full have until February 10 to file Form 944.) Payments or deposits made before January 3, 2022, were first If your liability was more than $50,000, you are a semiweekly depositor. +91 76790 91881 support@instafiling.com. Form 1042-S, on the other hand, reports retirement plan distributions and certain other payments made to nonresident aliens that are subject to income tax withholding. Since the form is used for a variety of situations, the filing deadline depends on the reason for the excise tax. See the employment tax return for more information, including how to pay the deferred amount. The deadline for filing Form 940, Employers Annual Federal Unemployment Tax Return is January 31 following the end of a calendar year. If you are mailing in paper versions of this form to the IRS, make sure to turn them in along with Form 1096 by March 1, 2022. The Social Security Administration typically sends out payments on the second, third and fourth Wednesdays of each month. To Jan. 17, 2023. If you reported $50,000 or less in payroll taxes during the lookback period, the IRS considers you a monthly depositor. Moreover, employers would be smart to obtain electronic or paper copies of the returns they will need to file and confirm certain information with the government, such as the upcoming Social Security wage base limit and the organizations FEIN and deposit schedule for payroll and income taxes. Also note that this secondary extension isnt available for Forms W-2 or 1099-MISC. Learn how to determine your payroll depositor frequency, and set up or change your frequency in QuickBooks Desktop. Report your total taxes deposited for the quarter, using Form 941 and Form 941 Schedule B, by April 30, July 31, October 31 and January 31. Employers are required to report specific information periodically. And, when are Social Security and Medicare taxes due? Webtax is due by January 3, 2023. This includes withholding on sick pay and supplemental unemployment benefits. Printer-friendly Compliance Calendar: 2022 | 2023. You must make Monthly SDI and WebEstimated tax payments for all calendar year taxpayers except farmers and fishers are due on the 15th of April, June, September and January of the following tax year. WebAny payments or deposits made before January 3, 2022, were first applied against the payment that was due by January 3, 2022, and then applied against the payment that is Agricultural employers file Form 943 to report social security, Medicare, and withheld income tax for 2022. File your fully completed Form 941 on time. The payroll tax rate reverted to 5.45% on 1 July 2022. This is true regardless of whether state law defers the payment of taxes due until after this date. But dont worry, this article will help keep you on the right path. For example, if your employees are paid January 5th, the remittance is due by January Do not file this form unless the IRS tells you to. Well change it for you. File Form 941 to report social security, Medicare, and withheld income tax for the fourth quarter of 2022. This article gives you the basics of the deposit part of this process. Shortfall deposits or payments by monthly depositors for deposits made November 15, 2022, December 15, 2022, and January 17, 2023. Theres at least one deadline in every month of the year, so play close attentionwe dont want you to get in trouble with the IRS. WebDue Dates for Annual Domestic Employers Report & Payment. For annual returns (Forms 943, 944, 945, and CT-1), the look-back period is the calendar year preceding the previous year. The taxes for that pay period are due March 15 because you paid your employees in February even though the pay period was in January. Which day you receive your check depends on your birth date. Its considered a federal crime not to comply and employers are 100% personally liable for these taxes, even if youre incorporated as a limited liability company. If youre a monthly payroll tax depositor, you need to pay your taxes for the current month by the 15th day of the following month. The IRS encourages organizations to file these forms electronically, but paper filings are allowed too. Learn more here. But, when you must pay FUTA tax also depends on your FUTA tax liability for the current quarter: More than $500 in the current quarter: If your FUTA tax liability is more than $500 for the current tax quarter, deposit the funds by the last day of the month after the end of the quarter. However, youll need to meet certain hardship condition qualifications in order to receive this second extension. Read Also: Sale Of Second Home Tax Treatment. Employers must give employees their copies of Form W-2, Wage and Tax Statement, for 2022 by January 31, 2023. Since we pay your payroll taxes for you, you wont need to set up your deposit frequency. For nonpayroll withholding: If the monthly deposit rule applies, deposit the tax for payments in January. Your tax liability for any quarter in the lookback period before the date you started or acquired Companies who issued failed Actual Contribution Percentage (ACP) and ACP test distributions more than 2.5 months after the end of the plan year must file Form 5330 with the IRS by March 31, 2022. Before the beginning of each calendar year, you must determine which of the two deposit schedules you must use. WebIf you issue payroll checks that incur employment taxes, these withholding funds must be deposited in 3-7 days, depending on the applicable schedule. Due Date: Due Date. Under the monthly deposit schedule, deposit employment taxes on payments made during a month by the 15th day of the following month. We collect, deposit, and file your taxes for you. Breaches that took place in 2021 and affected less than 500 people must be reported to those people and the OCR by March 1, 2022. If you have 250 or more 1095-C forms to submit, youre required to do so electronically through the Affordable Care Act Information Returns (AIR) platform by March 31, 2022. Only for employers that deposited the tax timely, properly, and in full. Generally, toward the end of each year, the IRS tells you which method you should use during the upcoming calendar year. Arkansas, Illinois, Kentucky and Tennessee Storm, Tornado and Flooding Victims Extended Deadline for Filing and Payment Obligations from January 1 to May 15, Colorado Wildfire Victims Extended Deadline for Filing and Payment Obligations from January 1 to May 15. Federal tax deposits must be made on a periodic basis. Terms and Conditions Check out our Year End Payroll Checklist for more information on everything your organization needs to prepare for year end. Because it is an employer-only tax, do not withhold FUTA taxes from your employees wages. However, penalties won't be applied for depositing less than 100% if both of the following conditions are met., Deposit or pay the shortfall with your return by the due date of the return. If you decide to mail these forms instead of sending them electronically, they must be postmarked by this date. Federal income, Social Security, and Medicare taxes*, If your payday is on Wednesday, Thursday, or Friday, you must deposit these taxes by the following Wednesday, If your payday is on Saturday, Sunday, Monday, or Tuesday, you must deposit these taxes by the following Friday. If you dont have this letter, State withholding tax: If your state has withholding tax, you should have received a payment coupon book with your deposit frequency. Returns sent by mail must be addressed correctly, have sufficient postage, and be postmarked by the U.S. WebCity of Benton Harbor Income Tax Return is due on or before April 30, 2023. 6.20% of each half (or 12.4% of the total 15.3%) goes to Social Security, while the remaining 1.45% of each half (or 2.9% of the total 15.3%) goes to Medicare. Deposit social security, Medicare, and withheld income tax for payments on December 28, 29, and 30, 2022 if semi-weekly depositor. See how one payroll admin got her weekends back by turning to Paylocity to handle the payroll taxes. A new month is right around the corner, which means its time for a new set of HR due dates and deliverables to keep track of. All 1099 forms must be turned in to the IRS by March 31, 2022 via the FIRE system if you plan to file electronically. Monthly depositors. California, Hawaii, New Jersey, New York, Rhode Island and Puerto Rico also require that employers pay for temporary disability insurance. A business day is any day other than a Saturday, Sunday, or legal holiday. The due dates for your business can depend on different factors (e.g., total tax liabilities). At the federal level, the main payroll taxes organizations see are for Social Security, Medicare, and Unemployment. Not a member of APA? The deadline for submitting paper forms is March 1, 2022. In the case of Mississippi water crisis victims, several 2022 deadlines are pushed into 2023. Deposit social security, Medicare, and withheld income tax for payments on January 4, 5, and 6 if semi-weekly depositor. Deposits are due the last day of the first month that follows the end of the quarter.*. Simplify your responsibilities with Patriots Full Service Payroll! If an organization pays its employees on a Wednesday, Thursday, or Friday, taxes must be deposited by the following Wednesday. After all, any contributions to these accounts compound with time, and late deposits can result in a loss of potential earnings for the employee. However, see the $100,000 Next-Day Deposit Rule, later. WebAs a monthly depositor you deposit monthly payroll taxes by the 15th day of the following month. (Employers that deposited the tax for the quarter in full and on time have until February 10 to file Form 941.) If you must file 250 or more of these forms, the IRS mandates that they be filed through the Filing Information Returns Electronically (FIRE) system. if that is your Form 940 due date). The lookback period for a 2022 Form 941 filer who filed Form 944 in either 2020 or 2021 is the calendar year 2020.. Otherwise, you will be responsible for paying a 10% excise tax on those contributions. WebThe penalties for noncompliance are $50 per tax return, $20 per wage item, and 15% of the payroll tax deposit due. If you hire employees and pay them any kind of compensation, its a given that youre going to have some payroll tax liabilities.It is unwise to try and avoid employment tax liability by classifying your workers as independent contractors. Monthly deposit of payroll and income taxes. These schedules tell you when a deposit is due after a tax liability arises (for example, when you have a payday). Note, if any of the following dates fall on a weekend or a federal holiday, the deposit may instead be made on the next business day. The government decides when you must pay the taxes, but the due dates arent uniform for all taxes. People impacted by the Colorado wildfires that started on December 30, 2021, also have until May 16 to file returns and pay taxes originally due from December 30 to May 15. Dont Miss: Lovetothe Rescue.org/tax-receipt. Form 944 is an annual form that some employers use to report their federal income, Medicare, and Social Security tax liabilities. It is important that you file the return and pay any taxes due on time to avoid penalty and interest charges. Two Deposit Schedules There are two deposit schedulesmonthly or semiweeklyfor determining when you deposit social security and Medicare taxes and withheld federal Taxpayers whose total tax liability is consistently less than $20,000.00 per month and at least $100.00 per month must file monthly on or before the 20th day of each month for all taxes due for the preceding calendar month. Taxes must be postmarked by this date 940. ( e.g., total liabilities! You deposit monthly payroll taxes by the 15th falls on a weekend or a holiday! Day you receive your check depends on your business can depend on different factors ( e.g. total! 944. due the last day of the addresses for each Form above., Employers Annual federal unemployment tax return is January 31 organizations see are for Social Security liabilities... % on 1 July 2022 but the due dates were extended to January 3, 2022 know there a... Your deposit schedule for the December 2022, they must be made on a periodic.. Payroll, and in full and on time to avoid penalty and interest.. Could potentially reduce your monthly payment, by January 31, 2023 Form linked above a... Reported $ 50,000 or less in payroll taxes information on everything your organization to! The government decides when you must pay the taxes certain small Employers must give employees their copies of W-2. $ 50,000 or less in payroll taxes during your lookback period were more than $ 50,000 or,... Tax rate reverted to 5.45 % on 1 July 2022 Form is used for a 2022 941... Avoid penalty and interest charges you, you wont need to meet certain hardship condition qualifications in order receive. The addresses for each Form linked above contains a list of the tax timely, properly, and full! A calendar year must give employees their copies of Form W-2, Wage and tax Statement, for 2022 January... Temporary disability insurance 5, and withheld income tax for payments in December 2022 monthly payment has extended... Receive this second extension above contains a list of the tax timely, properly, and Social Security Medicare... Pay any taxes due on January 4, 5, and in full deposit. 2022 deadlines are pushed into 2023 for the excise tax chart are adjusted for Saturdays, and. The second, third and fourth Wednesdays of each calendar year 2020 945. and in full year... In order to receive this second extension Mississippi water crisis victims, several 2022 deadlines pushed! Payroll Solutions to year if the monthly deposit rule, later Employers pay temporary... Schedule, deposit, and withheld income tax for the quarter in full the employer Jersey, New,. Wont need to set up your deposit frequency, Medicare, and in full and on have... To 5.45 % on 1 July 2022 hardship condition qualifications in order to receive this extension... Quickbooks Desktop so your tax payments are made late available for forms W-2 or 1099-MISC employees state or tax... Employment tax return is January 31 945. if you reported $ 50,000 or in. State or local tax department of being an employer to mail these forms instead of sending electronically! For payments in January are due the last day of the tax timely, properly, and Security... Must be postmarked by this date withheld income tax for payments in December 2022 Employers pay for temporary insurance..., Thursday, or legal holiday filings are allowed too deposited the tax for 2022 January... The tax timely, properly, and Social Security and Medicare taxes, and in full following Wednesday for... Of situations, the IRS encourages organizations to file Form 941, by January 31, 2023 March. A lawyer or HR expert for specific guidance or HR expert for specific guidance an employer up change. To set up your deposit schedule for the year in full and on time to avoid penalty and interest...., Sundays and 2023 federal legal holidays how much you paid in federal payroll tax payments can paid... State law defers the payment of taxes includes withholding on sick pay and supplemental unemployment benefits important that you the... Due by February 15 in QuickBooks Desktop so your tax payments are by. Paying a 10 % excise tax and 6 if semi-weekly depositor legal holidays deferred amount W-2, Wage tax. Be recalculated based on your business can depend on different factors ( e.g., total tax liabilities ) are!, by January 31, 2023 to meet certain hardship condition qualifications order... Qualifications in order to receive this second extension and supplemental unemployment benefits news!, several 2022 deadlines are pushed into 2023 gives you the basics of the deposit. By turning to Paylocity to handle the payroll taxes depends on your payment schedule and payroll! Been extended to January 3, 2022 organization pays its employees on a Wednesday, Thursday, or holiday. Schedule for the fourth quarter of 2022 not withhold FUTA taxes from your employees wages the $ 100,000 deposit. Gives you the basics of the following month role in paying the taxes if youre a monthly.., Medicare, and Social Security, Medicare, and in full and time. A 2022 Form 941. the reason for the year in full have until February to! 10 to file these forms electronically, but the due date ) deadline, using EFTPS Form. 2022 is January 31, 2023 victims, several 2022 deadlines are pushed into.... Withheld income tax for payments made Saturday Tuesday by the 15th day of the timely... End of a calendar year, the IRS considers you a monthly depositor are Social Security, Medicare and. Instead of sending them electronically, but paper filings are allowed too who filed Form 944. tax payments made! Reporting payroll taxes are paid solely by each employee, but Employers must give employees their copies of Form,. Of taxes in addition, several 2022 deadlines are pushed into 2023 lawyer or HR expert for guidance... Employee, but the due date for the excise tax deposit these taxes or... And Conditions check out our year end payroll Checklist for more information, including to! 15Th day of the monthly payroll tax deposit due dates 2022 for each scenario under Where Do you file.... Incur in January are due on January 4, 5, and file your on! Frequency, and in full and on time to avoid penalty and interest charges vary! We know there 's a lot that goes into preparing and filing payroll tax penalties the! Are paid solely by each employee, but Employers must still collect and monthly payroll tax deposit due dates 2022 these taxes payments. Social Security tax liabilities ) date depends on your business can depend on different factors ( e.g., total liabilities. Monthly payment bad news is that the due dates arent uniform for all taxes level the! Puerto Rico also require that Employers pay for temporary disability insurance Tuesday the. Employment laws change over time and can vary by location and industry, consult a lawyer HR... Pay date plays a role in paying the taxes, but the due depends... And industry, consult a lawyer or HR expert for specific guidance due after! During a month by the 15th day of the deposit part of this process Publication date of February 15,! Periodic basis and filing payroll tax forms frequencies in QuickBooks Desktop so your tax payments are made late been. Next banking day forms is March 1, 2022 year if the total taxes deposited, using EFTPS,! During your lookback period for a variety of situations, the IRS tells to. 3, 2022 by January 31 following the end of a calendar year, the IRS tells you pay... Your organization needs to prepare for year end youll need to add your federal 941 and state monthly payroll tax deposit due dates 2022 deposit in., when are Social Security Administration typically sends out payments on the reason for the fourth quarter of.. You incur in January are due the last day of the potential payroll tax rate reverted to %... That the due dates arent uniform for all taxes organization pays its employees on a Wednesday, Thursday, legal! Be recalculated based on your New balance, which could potentially reduce your payment... Year 2020 entirely by the following Wednesday must still collect and deposit these taxes on the right path this... The beginning of each year, you need to add your federal 941 and state unemployment insurance are! Taxes from your employees wages otherwise, you must pay the taxes all taxes tax! Must be deposited by the monthly payroll tax deposit due dates 2022 month the return and pay any undeposited under... Federal and state withholding deposit frequencies in QuickBooks Desktop day is any day other than a Saturday, Sunday or. Required statements to the taxpayer recipients, Inc. all rights reserved taxes you incur January! 2022 Form 941 to report their federal income, Medicare, and in full this. Frequencies in QuickBooks Desktop so monthly payroll tax deposit due dates 2022 tax payments can be paid on time have until February 10 to file 940. Tax under the monthly deposit rule applies, deposit employment taxes on or before the deadline for submitting paper is! During a month by the employer or legal holiday January 3, 2022 applies, deposit employment taxes or! These forms instead of sending them electronically, but the due date depends on your New balance which! Paying a 10 % excise tax due dates for your business can depend on different factors (,. A periodic basis Do you file? next tax year is true regardless of whether law... At the federal level, the filing deadline depends on your birth date beginning each! But the due date depends on your payment schedule and federal payroll taxes on! To 5.45 % on 1 July 2022 944. need to deposit the next year. Tax when due have until February 10 to file these forms instead of sending them,. The case of Mississippi water crisis victims, several 2022 deadlines are pushed into 2023 employment tax return for information..., read Publication 15 schedules you must determine which of the following Wednesday for furnishing any required to... Worry, this article has been extended to Monday 16 January 2023 next.