[EDD] – Due to the passage of Assembly Bill 1845, effective Jan. 1, employers will now use “business days” to measure the due date for payroll tax deposits instead of “banking days.” A recent change to federal regulations removed references to “banking days” and, instead, determined the timeliness of deposits by reference to “business days.”
A “business day” is defined as any day other than a Saturday, Sunday, or legal holiday as recognized by the Internal Revenue Service (IRS) and the State of California, or a day in which the Employment Development Department (EDD) is closed. Since state and federal holidays are not necessarily the same day, this definition covers employers for weekends and all federal and California holidays. For a listing of all legal holidays observed, view the Legal Holidays page.
In addition, the IRS changed their “Next Banking Day” deposit rule to “Next-Day.” Therefore, the EDD references of “Next Banking Day” will also be changed to “Next-Day” in our forms, publications, and website.
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