What are the requirements for remitting monthly and/or quarterly withholding tax payments?
Monthly payments: Required where the amount withheld per month exceeds $100. Payment is due on or before the last day of the month following the period in which taxes were withheld. Quarterly payments: Allowed where amount withheld does not exceed $100 per month. Payment is due on or before the last date of the month following the quarter in which taxes were withheld. Employers must file an Annual Reconciliation (DW-3) along with DW-2’s at the end of each tax year.
