When must withholdings be deposited with the government?

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If total withholdings are $2,000 or more on the 7th, 15th, 22nd, or last day of the month, then you must deposit the taxes within 3 business days. If total withholdings are $200 or more, but less than $2,000, at the end of any month, then you must deposit the taxes within 15 days. If total withholdings are less than $200 at the end of a calendar year, then you must either: (1) pay the taxes with your Form 1042, or … (2) deposit the entire amount by March 15 of the following calendar year. Be aware that all withheld taxes must be deposited by electronic funds transfers. Typically, the transfers are made using the Electronic Federal Tax Payment System (EFTPS). https://www.eftps.gov/eftps/

Source: TAR

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