2024 Instructions for Form 940 Instructions for Form 940, Employer's Annual Federal Unemployment (FU-2025

Get Form
where to mail form 940 without payment Preview on Page 1

Here's how it works

01. Edit your where to mail form 940 without payment online
Type text, add images, blackout confidential details, add comments, highlights and more.
02. Sign it in a few clicks
Draw your signature, type it, upload its image, or use your mobile device as a signature pad.
03. Share your form with others
Send 2024 form 940 mailing address via email, link, or fax. You can also download it, export it or print it out.

The best way to edit 2024 Instructions for Form 940 Instructions for Form 940, Employer's Annual Federal Unemployment (FU online

Form edit decoration
9.5
Ease of Setup
DocHub User Ratings on G2
9.0
Ease of Use
DocHub User Ratings on G2

With DocHub, making changes to your documentation takes just a few simple clicks. Follow these quick steps to edit the PDF 2024 Instructions for Form 940 Instructions for Form 940, Employer's Annual Federal Unemployment (FU online free of charge:

  1. Sign up and log in to your account. Sign in to the editor with your credentials or click on Create free account to test the tool’s features.
  2. Add the 2024 Instructions for Form 940 Instructions for Form 940, Employer's Annual Federal Unemployment (FU for editing. Click the New Document button above, then drag and drop the document to the upload area, import it from the cloud, or using a link.
  3. Modify your file. Make any changes required: insert text and photos to your 2024 Instructions for Form 940 Instructions for Form 940, Employer's Annual Federal Unemployment (FU, underline details that matter, erase parts of content and replace them with new ones, and insert symbols, checkmarks, and fields for filling out.
  4. Complete redacting the form. Save the updated document on your device, export it to the cloud, print it right from the editor, or share it with all the parties involved.

Our editor is very easy to use and effective. Try it out now!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.
Contact us
Generally, federal law provides employers with a 5.4 percent FUTA tax credit toward the 6.0 percent regular tax when they file their federal Employers Annual Federal Unemployment (FUTA) Tax Return (Form 940). However, this credit will be reduced by 0.9 percent to a 4.5 percent credit for the 2024 tax year.
FUTA taxes are calculated by multiplying 6.0 percent times the employers taxable wages. The taxable wage base is the first $7,000 paid in wages to each employee during a calendar year.
To avoid a penalty, make your payment with your 2024 Form 940 only if your FUTA tax for the fourth quarter (plus any undeposited amounts from earlier quarters) is $500 or less. If your total FUTA tax after adjustments (Form 940, line 12) is more than $500, you must make deposits by electronic funds transfer.
FUTA credit reduction outlook for 2024 The US Treasury Department shows that for 2024, a FUTA credit reduction applies to three jurisdictions (California, New York and the Virgin Islands) because they failed to repay their outstanding loan balance by November 10, 2024. (US Treasury website.)
Use Form 940 to report your annual Federal Unemployment Tax Act (FUTA) tax. Together with state unemployment tax systems, the FUTA tax provides funds for paying unemployment compensation to workers who have lost their jobs. Most employers pay both a federal and a state unemployment tax. Only employers pay FUTA tax.
be ready to get more

Complete this form in 5 minutes or less

Get form

People also ask

The 2024 FUTA tax rate is 6% of the first $7,000 from each employees annual wages. Therefore, employers shouldnt pay more than $420 annually for each employee (6.0% x $7,000).
6% FUTA rate on the first $7,000 in wages for all states with an additional percentage to be charged to cover the FUTA Credit Reduction (FCR) in certain states. The FCR and FUTA rates that will be charged for 2025 are listed below. The previous rates from 2024 are listed below. Learn more about FUTA credit reductions.
More In File Mail return without payment Mail return with payment Internal Revenue Service P.O. Box 409101 Ogden, UT 84409 Internal Revenue Service P.O. Box 932000 Louisville, KY 40293-2000 Internal Revenue Service P.O. Box 409101 Ogden, UT 84409 Internal Revenue Service P.O. Box 932000 Louisville, KY 40293-20003 more rows

940 mailing address with payment