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2007 Deposit Calendar
| |  | Deposit Due Date Rules When must employers deposit withheld Federal income tax, and both the employer and employee social security and Medicare taxes?
Your year 2007 deposit schedule is determined from the total taxes reported on the Forms 941 you filed in a four-quarter lookback period, between July 1, 2005 and June 30, 2006.
If you reported total taxes of . . . - $50,000 or less, you are a monthly depositor
- more than $50,000, you are a semiweekly depositor
But, there are two exceptions: - Businesses that have accumulated less than $2,500 in quarterly employment taxes, will be allowed to make payments every three months, rather than on a monthly basis. (Prior to January 1, 2001, quarterly deposits were allowed only if the employer had accumulated less than $1,000 in quarterly employment taxes.)
- If you accumulate a tax liability of $100,000 or more on any day during a deposit period, you must deposit the tax by the next banking day, whether you were a monthly or semiweekly depositor.
If you are a monthly schedule depositor and accumulate a $100,000 tax liability on any day, you become a semiweekly schedule depositor on the next day and remain so for at least the rest of the calendar year and for the following calendar year.
The IRS considers a new employer’s tax liability to be zero, which makes new employers monthly depositors for their first year of business.
Separate deposits are required for no payroll and payroll income tax withholding. Do not combine deposits for Forms 941 and 945 tax liabilities.
You must use EFTPS (electronic transfer of deposit funds) to make deposits of all depository tax liabilities (including social security, Medicare, withheld income, excise, and corporate income taxes) which you incur in 2007, if you deposited more than $200,000 in Federal depository taxes in 2005,OR you had to make electronic deposits in 2006. If you first meet the $200,000 threshold in 2006, you must begin depositing using EFTPS in 2007. Once you meet the $200,000 threshold, you must continue to make deposits using EFTPS in later years. |
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 | 1st Quarter, 2007 Deposit Due Dates (Semi-Weekly and Monthly Depositors) | | Paycheck Date
| Semi Weekly Schedule
Deposit Due Date | Monthly Schedule
Deposit Due Date | | January 1 - 2 | January 5 | | | January 3 - 5 | January 10 | | | January 6 - 9 | January 12 | | | Monthly depositors' tax deposit for December, 2006 | | January 16 | | January 10 - 12 | January 18 | | | January 13 - 16 | January 19 | | | January 17 - 19 | January 24 | | | January 20 - 23 | January 26 | | | January 24 - 26 | January 31 | | | January 27 - 30 | February 2 | | | January 31 - February 2 | February 7 | | | February 3 - 6 | February 9 | | | February 7 - 9 | February 14 | | | Monthly depositors' tax deposit for January | | February 15 | | February 10 - 13 | February 16 | | | February 14 - 16 | February 22 | | | February 17 - 20 | February 23 | | | February 21 - 23 | February 28 | | | February 24 - 27 | March 2 | | | February 28 - March 2 | March 7 | | | March 3 - 6 | March 9 | | | March 7 - 9 | March 14 | | | Monthly depositors' tax deposit for February | | March 15 | | March 10 - 13 | March 16 | | | March 14 - 16 | March 21 | | | March 17 - 20 | March 23 | | | March 21 - 23 | March 28 | | | March 24 - 27 | March 30 | | | March 28 - 30 | April 4 | | | March 31 | April 6 | | |
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| 2nd Quarter, 2007 Deposit Due Dates (Semi-Weekly and Monthly Depositors) | | Paycheck Date
| Semi Weekly Schedule
Deposit Due Date | Monthly Schedule
Deposit Due Date | | April 1 - 3 | April 6 | | | April 4 - 6 | April 11 | | | April 7 - 10 | April 13 | | | Monthly depositors' tax deposit for March | | April 16 | | April 11 - 13 | April 18 | | | April 14 - 17 | April 20 | | | April 18 - 20 | April 25 | | | April 21 - 24 | April 27 | | | April 25 - 27 | May 2 | | | April 28 - May 1 | May 4 | | | May 2 - 4 | May 9 | | | May 5 - 8 | May 11 | | | Monthly depositors' tax deposit for April | | May 15 | | May 9 - 11 | May 16 | | | May 12 - 15 | May 18 | | | May 16 - 18 | May 23 | | | May 19 - 22 | May 25 | | | May 23 - 25 | May 31 | | | May 26 - 29 | June 1 | | | May 30 - June 1 | June 6 | | | June 2 - 5 | June 8 | | | June 6 - 8 | June 13 | | | June 9 - 12 | June 15 | | | Monthly depositors' tax deposit for May | | June 15 | | June 13 - 15 | June 20 | | | June 16 - 19 | June 22 | | | June 20 - 22 | June 27 | | | June 23 - 26 | June 29 | | | June 27 - 29 | July 5 | | | June 30 | July 9 | | |
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| 3rd Quarter, 2007 Deposit Due Dates (Semi-Weekly and Monthly Depositors) | | Paycheck Date
| Semi Weekly Schedule
Deposit Due Date | Monthly Schedule
Deposit Due Date | | July 1 - 3 | July 9 | | | July 4 - 6 | July 11 | | | July 7 - 10 | July 13 | | | Monthly depositors' tax deposit for June | | July 16 | | July 11 - 13 | July 18 | | | July 14 - 17 | July 20 | | | July 18 - 20 | July 25 | | | July 21 - 24 | July 27 | | | July 25 - 27 | August 1 | | | July 28 - 31 | August 3 | | | August 1 - 3 | August 8 | | | August 4 - 7 | August 10 | | | August 8 - 10 | August 15 | | | Monthly depositors' tax deposit for July | | August 15 | | August 11 - 14 | August 17 | | | August 15 - 17 | August 22 | | | August 18 - 21 | August 24 | | | August 22 - 24 | August 29 | | | August 25 - 28 | August 31 | | | August 29 - 31 | September 6 | | | September 1 - 4 | September 7 | | | September 5 - 7 | September 12 | | | September 8 - 11 | September 14 | | | Monthly depositors' tax deposit for August | | September 17 | | September 12 - 14 | September 19 | | | September 15 - 18 | September 21 | | | September 19 - 21 | September 26 | | | September 22 - 25 | September 28 | | | September 26 - 28 | October 3 | | | September 29 - 30 | October 5 | | |
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| 4th Quarter, 2007 Deposit Due Dates (Semi-Weekly and Monthly Depositors) | | Paycheck Date
| Semi Weekly Schedule
Deposit Due Date | Monthly Schedule
Deposit Due Date | | October 1 - 2 | October 5 | | | October 3 - 5 | October 11 | | | October 6 - 9 | October 12 | | | Monthly depositors' tax deposit for September | | October 15 | | October 10 - 12 | October 17 | | | October 13 - 16 | October 19 | | | October 17 - 19 | October 24 | | | October 20 - 23 | October 26 | | | October 24 - 26 | October 31 | | | October 27 - 30 | November 2 | | | October 31 - November 2 | November 7 | | | November 3 - 6 | November 9 | | | November 7 - 9 | November 15 | | | Monthly depositors' tax deposit for October | | November 15 | | November 10 - 13 | November 16 | | | November 14 - 16 | November 21 | | | November 17 - 20 | November 26 | | | November 21 - 23 | November 28 | | | November 24 - 27 | November 30 | | | November 28 - 30 | December 5 | | | December 1 - 4 | December 7 | | | December 5 - 7 | December 12 | | | December 8 - 11 | December 14 | | | Monthly depositors' tax deposit for November | | December 17 | | December 12 - 14 | December 19 | | | December 15 - 18 | December 21 | | | December 19 - 21 | December 27 | | | December 22 - 25 | December 28 | | | December 26 - 28 | January 3, 2007 | | | December 29 - 31 | January 4, 2007 | | |
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