2022 Outlook for Potential FUTA Credit Reduction States
ThomsonReuters
FEBRUARY 1, 2021
The FUTA tax rate is currently 6.0% FUTA tax credit reduction when they file their Form 940 (Employer’s Annual Federal Unemployment (FUTA) Tax Return), resulting in a net FUTA tax rate of 0.6%.FUTA on the first $7,000 in wages per employee each year. However, employers generally receive a 5.4%
Let's personalize your content