Most employers are required to use Electronic Funds Transfer (EFT) to make all federal tax deposits. Some employers can make payment of taxes with their return rather than by EFT (see Publication 15 (Circular E) 2024, section 11).
Generally, an EFT is made using the Electronic Federal Tax Payment System (EFTPS), a free payment service provided by the US Treasury Department. A deposit made through the EFTPS system is considered timely if it is made by 8:00 pm EST
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Web page updated on 17 Mar 2025 16:13