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Federal Tax Deposit

What is Federal Tax Deposit (FTD)?

One of your most important duties as an employer is to deduct taxes from your workers' paychecks. When taxes are withheld, they must be deposited with the IRS in accordance with the IRS's rules. You are making a federal tax deposit when you deposit those taxes.

Related: Federal Income Tax (FIT), Federal ID Number, Federal Income Tax Withholding (FITW), Quarterly Federal Tax Return