What is the dollar amount used to classify an employer for Form 941 tax deposits? The key dollar amount used to determine if an employer is a monthly or semiweekly depositor is $50,000 in Form 941 taxes. Two rules apply here:

a. If the total amount deposited in Form 941 taxes is less than $50,000 during the look-back period, the employer is considered a monthly tax depositor.

b. If the total amount deposited in Form 941 taxes is $50,000 or more during the look-back period, the employer is considered a semi¬ weekly tax depositor.

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