How frequently must employers remit Social Security taxes to the IRS?

Employers must remit Social Security taxes to the IRS either monthly or semi-weekly, depending on their tax liability. This system is in place to ensure timely and regular contributions to the Social Security fund, reflecting the payroll taxes collected from employees and employers.

The IRS determines the specific frequency of remittance based on the employer’s tax liability from the preceding year. Employers with a higher tax liability are typically required to remit taxes on a semi-weekly basis, meaning they must submit the taxes within a certain timeframe following payday. On the other hand, those with a lower tax liability can remit on a monthly basis, submitting payments by the 15th of the following month.

This structured remittance schedule helps maintain cash flow for the Social Security program and ensures that the funds are available to support benefits as they are needed.