What is the process of 941 tax deposit?

The difference between a 941 deposit and filing the quarterly 941 is this: The 941 deposit is like a prepayment of the 941 taxes. So if you make the deposits monthly, when you file the 941 at the end of the quarter, there will be no taxes due with the 941 filing. Monthly deposits are required if your total 941 tax liability is expected to exceed $2,500 for the quarter.