Depositing and Reporting Withheld Taxes: Pennsylvania
Federal law and guidance on this subject should be reviewed together with this section.
Author: Vicki M. Lambert, The Payroll Advisor
- The state tax deposit thresholds and due dates are based on how much employers reasonably expect to withhold during the current calendar year. See Deposit Thresholds and Schedules.
- Employers that do not deposit withheld taxes electronically must complete the appropriate form. Quarterly reconciliation returns are also necessary. See Forms.
- Penalties are imposed for failure to comply with the income tax depositing and filing requirements. See Penalties.
- Certain employers are required to make deposits by electronic funds transfer (EFT). See Electronic Deposit Requirements.
- An annual reconciliation must be filed by January 31 of the calendar year following the tax year. In addition, employers that file 250 or more Forms W-2,Wage and Tax Statement, must file them electronically. See Annual Reconciliation Forms and Filing Deadlines; Electronic and Magnetic Media Form W-2 Reporting Requirements.