![]() If you had no liability for a quarter, leave the line blank.ġ6d 4th quarter (October 1 – December 31) Report the amount of your FUTA tax liability for each quarter do NOT enter the amount you deposited. Part 5: Report your FUTA tax liability by quarter only if line 12 is more than $500. ▸ You MUST complete both pages of this form and SIGN it. If line 13 is more than line 12, enter the excess on line 15 and check a box below If line 14 is $500 or less, you may pay with this return.If line 14 is more than $500, you must deposit your tax.If line 12 is more than line 13, enter the excess on line 14. Total FUTA tax after adjustments (lines 8 + 9 + 10 + 11 = line 12)įUTA tax deposited for the year, including any overpayment applied from a prior yearīalance due. If any line does NOT apply, leave it blank. Part 4: Determine your FUTA tax and balance due or overpayment. If credit reduction applies, enter the total from Schedule A (Form 940) Enter the amount from line 7 of the worksheet ![]() If SOME of the taxable FUTA wages you paid were excluded from state unemployment tax, OR you paid ANY state unemployment tax late (after the due date for filing Form 940), complete the worksheet in the instructions. If ALL of the taxable FUTA wages you paid were excluded from state unemployment tax, multiply line 7 by 0.054 (line 7 × 0.054 = line 9). See instructionsįUTA tax before adjustments (line 7 x 0.006 = line 8) Total taxable FUTA wages (line 3 – line 6 = line 7). Total of payments made to each employee in excess of $7000 If any line does NOT apply, leave it blank.Ĭheck all that apply: 4a Fringe benefits 4c Retirement/Pension 4e OtherĤb Group-term life insurance 4d Dependent care Part 2: Determine your FUTA tax before adjustments. If you paid wages in a state that is subject to CREDIT REDUCTION If you had to pay state unemployment tax in more than one state, you are a multi-state employer If you had to pay state unemployment tax in one state only, enter the state abbreviation See instructions before completing Part 1. Alternatively you can use one of our Combined Federal and State Tax Estimator to quickly calculate your salary, tax and take home pay.Įmployer's Annual Federal Unemployment (FUTA) Tax Return Part 1: Tell us about your return. Use Tax Form 940: Employer's Annual Federal Unemployment (FUTA) Tax Return as a stand alone tax form calculator to quickly calculate specific amounts for your 2024 tax return. Form 940: Employer's Annual Federal Unemployment (FUTA) Tax Return
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