Online Payroll Solution: How to Make the Federal Income Tax Deposit

Halfpricesoft Online Payroll System makes it easy to calculate payroll taxes, print paychecks and file tax report. Here is guide about how to make the federal income tax deposit.

Step 1: Print the Employer Report

  • 1.1 Log in online payroll system as Admin.
  • 1.2 Click the "Report and Forms" then "Payroll Reports" then "Employer Report" to view the employer report.
  • 1.3 Change report criteria and generate you report
  • 1.4 View the "Federal 941 Deposit Report" session.



  • Step 2: Enroll EFTPS If You Do Not Have An Account

    The Electronic Federal Tax Payment System (EFTPS) is a free service from the U.S. Department of the Treasury. All federal taxes can be paid using EFTPS.

    If you have not enrolled this system, you can need to enroll first before you can deposit payment. Click here to enroll eftps.

    Step 3: Deposit 941 payment

    Step 3.1: Log in

    Click this link below to open eftps site and click "Make a Payment" to start
    https://www.eftps.gov

    eftps site

    Enter the required information and log in

    eftps site login

    Step 3.2: Select payment type

    eftps select tax type

    Step 3.3: Select Form Number

    eftps select tax type

    Step 3.4: Ener tax amount

    eftps enter payment

    Step 3.5: Enter tax category information

    eftps enter category information

    Step 3.6: Verify information for payroll tax payment deposit

    eftps review tax payment

    Step 3.7: Comfirm federal tax payment deposit

    eftps comfirm payment


    Ralated Links

  • How to add a customized deduction and withhold it from each paycheck automatically

  • How to handle local tax

  • How to handle FUTA and SUTA

  • How to add and print a paycheck

  • How to change the pay peroid



  • Need Assistance?

    If you cannot find the answer from FAQs, please feel free to contact the support team. We are glad to assist you.