Relief: IRS Adjusts 2 Due Dates for Semiweekly Depositors
The IRS recently issued updates affecting semiweekly tax depositors.
Specifically, the Service pushed back two due dates for making deposits through the Electronic Federal Tax Payment System (referred to as EFTPS) and other electronic funds transfer methods.
Here’s what the IRS announced on February 14, 2025.
IRS Modifications
First, the December 2024 version of Publication 509, Tax Calendars, contained an error, the IRS explained.
An incorrect deadline appeared in Table 2, Due Dates for Electronic Funds Transfer of Taxes for 2025 Under the Semiweekly Rule.
For payroll dates that employers have on April 12, 13, 14 or 15, the correct due date for tax deposits is April 21, 2025. Originally, the publication included the erroneous tax deposit due date of April 18, 2025.
Second, the agency stated it’d adjusted a deadline as a result of the National Day of Mourning for James Earl Carter, Jr., which occurred January 9, 2025.
As the agency previously announced, the deadline for payrolls that fell on January 4, 5, 6 or 7 was moved from the original due date of January 10, 2025, to the new due date of January 13, 2025.
Publication 509, with a revision date of February 5, 2025, reflects both of these updates.
Reminder: Next-Day Deposit Sometimes Required
Even if you’re considered a semiweekly depositor, remember that sometimes, you may need to make deposits sooner than anticipated.
That’s because of the next-day deposit rule.
The rule applies to businesses that accumulate $100,000 or more in taxes in one day. The tax deposit is due to the IRS by the next business day.
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