1st Quarter 2024 941. For example, wages paid during the 1st quarter. Employers pay these taxes via the electronic federal tax payment system (eftps) semiweekly, monthly, or quarterly.
Part 1 reports the number of employees, their wages, and the federal income taxes withheld from their paychecks. Irs form 941, employer’s quarterly federal tax return, is used to report wages you’ve paid and tips your employees have reported to you, as well federal income tax withheld, social security and medicare taxes.