Author Archives: FUTA Tax

Connecticut FUTA Tax

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What is Connecticut Futa Tax?

The federal unemployment tax is part of the federal and state program under the Federal Unemployment Tax Act (FUTA) that pays unemployment compensation to workers who lose their jobs. The FUTA tax is separate from the Social Security Tax, Medicare Tax, Unemployment Insurance Tax and Withholding Income Tax.

How much is Connecticut FUTA Tax?

The FUTA tax rate is 6.0% of taxable wages. The taxable wage base is the first $7,000 paid in wages to each employee during a calendar year. Employers who pay the state unemployment tax, on a timely basis, will receive a FUTA reduction credit of up to 5.4% regardless of the rate of tax they pay the state. Therefore, the net FUTA tax rate is generally 0.6% (6.0% – 5.4%), for a FUTA tax of $42 per employee, per year (.006 X $7,000. = $42.00).

Connecticut – FUTA Tax Rate: is 0.6%
Connecticut – FUTA Tax Limit: $7,000

Minimum FUTA Tax per employee per year  (0.6%): $42
Maximum FUTA Tax per employee per year (6.0%): $420

Year State Futa Tax Rate Reduction Credit Net FUTA Rate FUTA Taxable Wage Base
2016 Connecticut 6.0% -5.4% 0.6% $7000

Connecticut FUTA Tax Rate and FUTA Tax Limits

The FUTA Tax is 6.0% of taxable wage on the first $7,000 of wages.  There is a reduction of 5.4% FUTA Credit if State Unemployment Insurance is filed and paid to the state.  The Net FUTA tax is therefore 0.6% of the first $7,000 in wages. There is no FUTA Tax for any wages over $7,000 per employee per year. The maximum FUTA Tax for each employee is limited to $42 per employee per year.

Connecticut FUTA Tax Form

To file FUTA Tax, employers need to use Form 940.  To qualify for FUTA reduction credit, employers will also need to file and pay their State Unemployment Insurance (UI) tax.

Type Form Form Description
IRS Form 940 Federal FUTA Tax Form

When is FUTA Tax Due?

Connecticut FUTA Tax is due every year on January 31.  The FUTA Tax must be under $500 by January 31.  If the FUTA Tax is over $500, employers must deposit enough FUTA Tax every quarter to the IRS.

Who pays for Connecticut FUTA Tax?

FUTA Tax is paid by the employer and should not be withheld from the employee’s paycheck.  Unemployment Tax and FUTA Tax are the two taxes that are paid by the employer.

Social Security Tax, Federal Withholding and State Withholding are taxes that are deducted from employee’s paycheck.

Tax Who Pays The Tax?
FUTA Tax Employer Responsibility
Unemployment Insurance Employer Responsibility
Social Security Tax 50% Employee Responsibility (6.2%) 50% Employer Responsibility (6.2%)
Medicare Tax 50% Employee Responsibility (1.45%) 50% Employer Responsibility (1.45%)
Federal Withholding Tax Employee Responsibility
State Withholding Tax Employee Responsiblity

Frequently Asked Questions on CT FUTA Taxes

  1. What does FUTA Tax stand for? Federal Unemployment Tax Act
  2. What is the FUTA Income Limit for 2015? $7,000.  Wages over $7,000 are exempt from FUTA Tax
  3. Who pays for Connecticut FUTA Tax? Employer pays for the FUTA Tax
  4. I need Connecticut Recertification Letter for IRS.  Click here for more information on Recertification Letter

Click here for more Frequently Asked Questions on FUTA Tax and Unemployment Tax.

For More Information on Connecticut FUTA Tax and State Unemployment Tax

For more information, please contact Internal Revenue Service (IRS) regarding FUTA Tax (Form 940) at 800-829-4933.

For State Unemployment Tax, please visit Connecticut Unemployment Insurance Department.

Agency  Website
Internal Revenue Service www.irs.gov
Connecticut Dept of Labor www.ctdol.state.ct.us
Connecticut Dept of Revenue  www.ct.gov/DRS

Connecticut five largest cities in terms of population: Bridgeport, New Haven, Stamford, Hartford and Waterbury.  The FUTA Tax and Unemployment Insurance is the same for all the locations.

Oregon FUTA Tax

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What is Oregon Futa Tax?

The federal unemployment tax is part of the federal and state program under the Federal Unemployment Tax Act (FUTA) that pays unemployment compensation to workers who lose their jobs. The FUTA tax is separate from the Social Security Tax, Medicare Tax, Unemployment Insurance Tax and Withholding Income Tax.

How much is Oregon FUTA Tax?

The FUTA tax rate is 6.0% of taxable wages. The taxable wage base is the first $7,000 paid in wages to each employee during a calendar year. Employers who pay the state unemployment tax, on a timely basis, will receive a FUTA reduction credit of up to 5.4% regardless of the rate of tax they pay the state. Therefore, the net FUTA tax rate is generally 0.6% (6.0% – 5.4%), for a FUTA tax of $42 per employee, per year (.006 X $7,000. = $42.00).

Oregon – FUTA Tax Rate: is 0.6%
Oregon – FUTA Tax Limit: $7,000

Minimum FUTA Tax per employee per year  (0.6%): $42
Maximum FUTA Tax per employee per year (6.0%): $420

Year State Futa Tax Rate Reduction Credit Net FUTA Rate FUTA Taxable Wage Base
2016 Oregon 6.0% -5.4% 0.6% $7000

Oregon FUTA Tax Rate and FUTA Tax Limits

The FUTA Tax is 6.0% of taxable wage on the first $7,000 of wages.  There is a reduction of 5.4% FUTA Credit if State Unemployment Insurance is filed and paid to the state.  The Net FUTA tax is therefore 0.6% of the first $7,000 in wages. There is no FUTA Tax for any wages over $7,000 per employee per year. The maximum FUTA Tax for each employee is limited to $42 per employee per year.

Oregon FUTA Tax Form

To file FUTA Tax, employers need to use Form 940.  To qualify for FUTA reduction credit, employers will also need to file and pay their State Unemployment Insurance (UI) tax.

Type Form Form Description
IRS Form 940 Federal FUTA Tax Form

When is FUTA Tax Due?

Oregon FUTA Tax is due every year on January 31.  The FUTA Tax must be under $500 by January 31.  If the FUTA Tax is over $500, employers must deposit enough FUTA Tax every quarter to the IRS.

Who pays for Oregon FUTA Tax?

FUTA Tax is paid by the employer and should not be withheld from the employee’s paycheck.  Unemployment Tax and FUTA Tax are the two taxes that are paid by the employer.

Social Security Tax, Federal Withholding and State Withholding are taxes that are deducted from employee’s paycheck.

Tax Who Pays The Tax?
FUTA Tax Employer Responsibility
Unemployment Insurance Employer Responsibility
Social Security Tax 50% Employee Responsibility (6.2%) 50% Employer Responsibility (6.2%)
Medicare Tax 50% Employee Responsibility (1.45%) 50% Employer Responsibility (1.45%)
Federal Withholding Tax Employee Responsibility
State Withholding Tax Employee Responsiblity

Frequently Asked Questions on OR FUTA Taxes

  1. What does FUTA Tax stand for? Federal Unemployment Tax Act
  2. What is the FUTA Income Limit for 2015? $7,000.  Wages over $7,000 are exempt from FUTA Tax
  3. Who pays for Oregon FUTA Tax? Employer pays for the FUTA Tax
  4. I need Oregon Recertification Letter for IRS.  Click here for more information on Recertification Letter

Click here for more Frequently Asked Questions on FUTA Tax and Unemployment Tax.

For More Information on Oregon FUTA Tax and State Unemployment Tax

For more information, please contact Internal Revenue Service (IRS) regarding FUTA Tax (Form 940) at 800-829-4933.

For State Unemployment Tax, please visit Oregon Unemployment Insurance Department.

Agency  Website
Internal Revenue Service www.irs.gov
Oregon Dept of Labor www.oregon.gov/EMPLOY
Oregon Dept of Revenue  www.oregon.gov/DOR

Oregon five largest cities in terms of population: Portland, Eugene, Salem, Gresham, and Hillsboro.  The FUTA Tax and Unemployment Insurance is the same for all the locations.

Kentucky FUTA Tax

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What is Kentucky Futa Tax?

The federal unemployment tax is part of the federal and state program under the Federal Unemployment Tax Act (FUTA) that pays unemployment compensation to workers who lose their jobs. The FUTA tax is separate from the Social Security Tax, Medicare Tax, Unemployment Insurance Tax and Withholding Income Tax.

How much is Kentucky FUTA Tax?

The FUTA tax rate is 6.0% of taxable wages. The taxable wage base is the first $7,000 paid in wages to each employee during a calendar year. Employers who pay the state unemployment tax, on a timely basis, will receive a FUTA reduction credit of up to 5.4% regardless of the rate of tax they pay the state. Therefore, the net FUTA tax rate is generally 0.6% (6.0% – 5.4%), for a FUTA tax of $42 per employee, per year (.006 X $7,000. = $42.00).

Kentucky – FUTA Tax Rate: is 0.6%
Kentucky – FUTA Tax Limit: $7,000

Minimum FUTA Tax per employee per year  (0.6%): $42
Maximum FUTA Tax per employee per year (6.0%): $420

Year State Futa Tax Rate Reduction Credit Net FUTA Rate FUTA Taxable Wage Base
2016 Kentucky 6.0% -5.4% 0.6% $7000

Kentucky FUTA Tax Rate and FUTA Tax Limits

The FUTA Tax is 6.0% of taxable wage on the first $7,000 of wages.  There is a reduction of 5.4% FUTA Credit if State Unemployment Insurance is filed and paid to the state.  The Net FUTA tax is therefore 0.6% of the first $7,000 in wages. There is no FUTA Tax for any wages over $7,000 per employee per year. The maximum FUTA Tax for each employee is limited to $42 per employee per year.

Kentucky FUTA Tax Form

To file FUTA Tax, employers need to use Form 940.  To qualify for FUTA reduction credit, employers will also need to file and pay their State Unemployment Insurance (UI) tax.

Type Form Form Description
IRS Form 940 Federal FUTA Tax Form

When is FUTA Tax Due?

Kentucky FUTA Tax is due every year on January 31.  The FUTA Tax must be under $500 by January 31.  If the FUTA Tax is over $500, employers must deposit enough FUTA Tax every quarter to the IRS.

Who pays for Kentucky FUTA Tax?

FUTA Tax is paid by the employer and should not be withheld from the employee’s paycheck.  Unemployment Tax and FUTA Tax are the two taxes that are paid by the employer.

Social Security Tax, Federal Withholding and State Withholding are taxes that are deducted from employee’s paycheck.

Tax Who Pays The Tax?
FUTA Tax Employer Responsibility
Unemployment Insurance Employer Responsibility
Social Security Tax 50% Employee Responsibility (6.2%) 50% Employer Responsibility (6.2%)
Medicare Tax 50% Employee Responsibility (1.45%) 50% Employer Responsibility (1.45%)
Federal Withholding Tax Employee Responsibility
State Withholding Tax Employee Responsiblity

Frequently Asked Questions on KY FUTA Taxes

  1. What does FUTA Tax stand for? Federal Unemployment Tax Act
  2. What is the FUTA Income Limit for 2015? $7,000.  Wages over $7,000 are exempt from FUTA Tax
  3. Who pays for Kentucky FUTA Tax? Employer pays for the FUTA Tax
  4. I need Kentucky Recertification Letter for IRS.  Click here for more information on Recertification Letter

Click here for more Frequently Asked Questions on FUTA Tax and Unemployment Tax.

For More Information on Kentucky FUTA Tax and State Unemployment Tax

For more information, please contact Internal Revenue Service (IRS) regarding FUTA Tax (Form 940) at 800-829-4933.

For State Unemployment Tax, please visit Kentucky Unemployment Insurance Department.

Agency  Website
Internal Revenue Service www.irs.gov
Kentucky Dept of Labor http://oet.ky.gov
Kentucky Dept of Revenue  http://revenue.ky.gov

Kentucky five largest cities in terms of population: Louisville, Lexington, Bowling Green, Owensboro, and Covington.  The FUTA Tax and Unemployment Insurance is the same for all the locations.

Louisiana FUTA Tax

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What is Louisiana Futa Tax?

The federal unemployment tax is part of the federal and state program under the Federal Unemployment Tax Act (FUTA) that pays unemployment compensation to workers who lose their jobs. The FUTA tax is separate from the Social Security Tax, Medicare Tax, Unemployment Insurance Tax and Withholding Income Tax.

How much is Louisiana FUTA Tax?

The FUTA tax rate is 6.0% of taxable wages. The taxable wage base is the first $7,000 paid in wages to each employee during a calendar year. Employers who pay the state unemployment tax, on a timely basis, will receive a FUTA reduction credit of up to 5.4% regardless of the rate of tax they pay the state. Therefore, the net FUTA tax rate is generally 0.6% (6.0% – 5.4%), for a FUTA tax of $42 per employee, per year (.006 X $7,000. = $42.00).

Louisiana – FUTA Tax Rate: is 0.6%
Louisiana – FUTA Tax Limit: $7,000

Minimum FUTA Tax per employee per year  (0.6%): $42
Maximum FUTA Tax per employee per year (6.0%): $420

Year State Futa Tax Rate Reduction Credit Net FUTA Rate FUTA Taxable Wage Base
2016 Louisiana 6.0% -5.4% 0.6% $7000

Louisiana FUTA Tax Rate and FUTA Tax Limits

The FUTA Tax is 6.0% of taxable wage on the first $7,000 of wages.  There is a reduction of 5.4% FUTA Credit if State Unemployment Insurance is filed and paid to the state.  The Net FUTA tax is therefore 0.6% of the first $7,000 in wages. There is no FUTA Tax for any wages over $7,000 per employee per year. The maximum FUTA Tax for each employee is limited to $42 per employee per year.

Louisiana FUTA Tax Form

To file FUTA Tax, employers need to use Form 940.  To qualify for FUTA reduction credit, employers will also need to file and pay their State Unemployment Insurance (UI) tax.

Type Form Form Description
IRS Form 940 Federal FUTA Tax Form

When is FUTA Tax Due?

Louisiana FUTA Tax is due every year on January 31.  The FUTA Tax must be under $500 by January 31.  If the FUTA Tax is over $500, employers must deposit enough FUTA Tax every quarter to the IRS.

Who pays for Louisiana FUTA Tax?

FUTA Tax is paid by the employer and should not be withheld from the employee’s paycheck.  Unemployment Tax and FUTA Tax are the two taxes that are paid by the employer.

Social Security Tax, Federal Withholding and State Withholding are taxes that are deducted from employee’s paycheck.

Tax Who Pays The Tax?
FUTA Tax Employer Responsibility
Unemployment Insurance Employer Responsibility
Social Security Tax 50% Employee Responsibility (6.2%) 50% Employer Responsibility (6.2%)
Medicare Tax 50% Employee Responsibility (1.45%) 50% Employer Responsibility (1.45%)
Federal Withholding Tax Employee Responsibility
State Withholding Tax Employee Responsiblity

Frequently Asked Questions on LA FUTA Taxes

  1. What does FUTA Tax stand for? Federal Unemployment Tax Act
  2. What is the FUTA Income Limit for 2015? $7,000.  Wages over $7,000 are exempt from FUTA Tax
  3. Who pays for Louisiana FUTA Tax? Employer pays for the FUTA Tax
  4. I need Louisiana Recertification Letter for IRS.  Click here for more information on Recertification Letter

Click here for more Frequently Asked Questions on FUTA Tax and Unemployment Tax.

For More Information on Louisiana FUTA Tax and State Unemployment Tax

For more information, please contact Internal Revenue Service (IRS) regarding FUTA Tax (Form 940) at 800-829-4933.

For State Unemployment Tax, please visit Louisiana Unemployment Insurance Department.

Agency  Website
Internal Revenue Service www.irs.gov
Louisiana Dept of Labor www.laworks.net
Louisiana Dept of Revenue  www.rev.state.la.us

Louisiana five largest cities in terms of population: New Orleans, Baton Rouge, Shreveport, Lafayette, and Lake Charles.  The FUTA Tax and Unemployment Insurance is the same for all the locations.

South Carolina FUTA Tax

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What is South Carolina Futa Tax?

The federal unemployment tax is part of the federal and state program under the Federal Unemployment Tax Act (FUTA) that pays unemployment compensation to workers who lose their jobs. The FUTA tax is separate from the Social Security Tax, Medicare Tax, Unemployment Insurance Tax and Withholding Income Tax.

How much is South Carolina FUTA Tax?

The FUTA tax rate is 6.0% of taxable wages. The taxable wage base is the first $7,000 paid in wages to each employee during a calendar year. Employers who pay the state unemployment tax, on a timely basis, will receive a FUTA reduction credit of up to 5.4% regardless of the rate of tax they pay the state. Therefore, the net FUTA tax rate is generally 0.6% (6.0% – 5.4%), for a FUTA tax of $42 per employee, per year (.006 X $7,000. = $42.00).

South Carolina – FUTA Tax Rate: is 0.6%
South Carolina – FUTA Tax Limit: $7,000

Minimum FUTA Tax per employee per year  (0.6%): $42
Maximum FUTA Tax per employee per year (6.0%): $420

Year State Futa Tax Rate Reduction Credit Net FUTA Rate FUTA Taxable Wage Base
2016 South Carolina 6.0% -5.4% 0.6% $7000

South Carolina FUTA Tax Rate and FUTA Tax Limits

The FUTA Tax is 6.0% of taxable wage on the first $7,000 of wages.  There is a reduction of 5.4% FUTA Credit if State Unemployment Insurance is filed and paid to the state.  The Net FUTA tax is therefore 0.6% of the first $7,000 in wages. There is no FUTA Tax for any wages over $7,000 per employee per year. The maximum FUTA Tax for each employee is limited to $42 per employee per year.

South Carolina FUTA Tax Form

To file FUTA Tax, employers need to use Form 940.  To qualify for FUTA reduction credit, employers will also need to file and pay their State Unemployment Insurance (UI) tax.

Type Form Form Description
IRS Form 940 Federal FUTA Tax Form

When is FUTA Tax Due?

South Carolina FUTA Tax is due every year on January 31.  The FUTA Tax must be under $500 by January 31.  If the FUTA Tax is over $500, employers must deposit enough FUTA Tax every quarter to the IRS.

Who pays for South Carolina FUTA Tax?

FUTA Tax is paid by the employer and should not be withheld from the employee’s paycheck.  Unemployment Tax and FUTA Tax are the two taxes that are paid by the employer.

Social Security Tax, Federal Withholding and State Withholding are taxes that are deducted from employee’s paycheck.

Tax Who Pays The Tax?
FUTA Tax Employer Responsibility
Unemployment Insurance Employer Responsibility
Social Security Tax 50% Employee Responsibility (6.2%) 50% Employer Responsibility (6.2%)
Medicare Tax 50% Employee Responsibility (1.45%) 50% Employer Responsibility (1.45%)
Federal Withholding Tax Employee Responsibility
State Withholding Tax Employee Responsiblity

Frequently Asked Questions on SC FUTA Taxes

  1. What does FUTA Tax stand for? Federal Unemployment Tax Act
  2. What is the FUTA Income Limit for 2015? $7,000.  Wages over $7,000 are exempt from FUTA Tax
  3. Who pays for South Carolina FUTA Tax? Employer pays for the FUTA Tax
  4. I need South Carolina Recertification Letter for IRS.  Click here for more information on Recertification Letter

Click here for more Frequently Asked Questions on FUTA Tax and Unemployment Tax.

For More Information on South Carolina FUTA Tax and State Unemployment Tax

For more information, please contact Internal Revenue Service (IRS) regarding FUTA Tax (Form 940) at 800-829-4933.

For State Unemployment Tax, please visit South Carolina Unemployment Insurance Department.

Agency  Website
Internal Revenue Service www.irs.gov
South Carolina Dept of Labor http://dew.sc.gov
South Carolina Dept of Revenue  www.sctax.org

South Carolina five largest cities in terms of population: Columbia, Charleston, North Charleston, Mount Pleasant, and Rock Hill.  The FUTA Tax and Unemployment Insurance is the same for all the locations.

Colorado FUTA Tax

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What is Colorado Futa Tax?

The federal unemployment tax is part of the federal and state program under the Federal Unemployment Tax Act (FUTA) that pays unemployment compensation to workers who lose their jobs. The FUTA tax is separate from the Social Security Tax, Medicare Tax, Unemployment Insurance Tax and Withholding Income Tax.

How much is Colorado FUTA Tax?

The FUTA tax rate is 6.0% of taxable wages. The taxable wage base is the first $7,000 paid in wages to each employee during a calendar year. Employers who pay the state unemployment tax, on a timely basis, will receive a FUTA reduction credit of up to 5.4% regardless of the rate of tax they pay the state. Therefore, the net FUTA tax rate is generally 0.6% (6.0% – 5.4%), for a FUTA tax of $42 per employee, per year (.006 X $7,000. = $42.00).

Colorado – FUTA Tax Rate: is 0.6%
Colorado – FUTA Tax Limit: $7,000

Minimum FUTA Tax per employee per year  (0.6%): $42
Maximum FUTA Tax per employee per year (6.0%): $420

Year State Futa Tax Rate Reduction Credit Net FUTA Rate FUTA Taxable Wage Base
2016 Colorado 6.0% -5.4% 0.6% $7000

Colorado FUTA Tax Rate and FUTA Tax Limits

The FUTA Tax is 6.0% of taxable wage on the first $7,000 of wages.  There is a reduction of 5.4% FUTA Credit if State Unemployment Insurance is filed and paid to the state.  The Net FUTA tax is therefore 0.6% of the first $7,000 in wages. There is no FUTA Tax for any wages over $7,000 per employee per year. The maximum FUTA Tax for each employee is limited to $42 per employee per year.

Colorado FUTA Tax Form

To file FUTA Tax, employers need to use Form 940.  To qualify for FUTA reduction credit, employers will also need to file and pay their State Unemployment Insurance (UI) tax.

Type Form Form Description
IRS Form 940 Federal FUTA Tax Form

When is FUTA Tax Due?

Colorado FUTA Tax is due every year on January 31.  The FUTA Tax must be under $500 by January 31.  If the FUTA Tax is over $500, employers must deposit enough FUTA Tax every quarter to the IRS.

Who pays for Colorado FUTA Tax?

FUTA Tax is paid by the employer and should not be withheld from the employee’s paycheck.  Unemployment Tax and FUTA Tax are the two taxes that are paid by the employer.

Social Security Tax, Federal Withholding and State Withholding are taxes that are deducted from employee’s paycheck.

Tax Who Pays The Tax?
FUTA Tax Employer Responsibility
Unemployment Insurance Employer Responsibility
Social Security Tax 50% Employee Responsibility (6.2%) 50% Employer Responsibility (6.2%)
Medicare Tax 50% Employee Responsibility (1.45%) 50% Employer Responsibility (1.45%)
Federal Withholding Tax Employee Responsibility
State Withholding Tax Employee Responsiblity

Frequently Asked Questions on CO FUTA Taxes

  1. What does FUTA Tax stand for? Federal Unemployment Tax Act
  2. What is the FUTA Income Limit for 2015? $7,000.  Wages over $7,000 are exempt from FUTA Tax
  3. Who pays for Colorado FUTA Tax? Employer pays for the FUTA Tax
  4. I need Colorado Recertification Letter for IRS.  Click here for more information on Recertification Letter

Click here for more Frequently Asked Questions on FUTA Tax and Unemployment Tax.

For More Information on Colorado FUTA Tax and State Unemployment Tax

For more information, please contact Internal Revenue Service (IRS) regarding FUTA Tax (Form 940) at 800-829-4933.

For State Unemployment Tax, please visit Colorado Unemployment Insurance Department.

Agency  Website
Internal Revenue Service www.irs.gov
Colorado Dept of Labor www.colorado.gov/cdle
Colorado Dept of Revenue  www.colorado.gov/revenue

Colorado five largest cities in terms of population: Denver, Colorado Springs, Aurora, Fort Collins, and Lakewood.  The FUTA Tax and Unemployment Insurance is the same for all the locations.

Minnesota FUTA Tax

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What is Minnesota Futa Tax?

The federal unemployment tax is part of the federal and state program under the Federal Unemployment Tax Act (FUTA) that pays unemployment compensation to workers who lose their jobs. The FUTA tax is separate from the Social Security Tax, Medicare Tax, Unemployment Insurance Tax and Withholding Income Tax.

How much is Minnesota FUTA Tax?

The FUTA tax rate is 6.0% of taxable wages. The taxable wage base is the first $7,000 paid in wages to each employee during a calendar year. Employers who pay the state unemployment tax, on a timely basis, will receive a FUTA reduction credit of up to 5.4% regardless of the rate of tax they pay the state. Therefore, the net FUTA tax rate is generally 0.6% (6.0% – 5.4%), for a FUTA tax of $42 per employee, per year (.006 X $7,000. = $42.00).

Minnesota – FUTA Tax Rate: is 0.6%
Minnesota – FUTA Tax Limit: $7,000

Minimum FUTA Tax per employee per year  (0.6%): $42
Maximum FUTA Tax per employee per year (6.0%): $420

Year State Futa Tax Rate Reduction Credit Net FUTA Rate FUTA Taxable Wage Base
2016 Minnesota 6.0% -5.4% 0.6% $7000

Minnesota FUTA Tax Rate and FUTA Tax Limits

The FUTA Tax is 6.0% of taxable wage on the first $7,000 of wages.  There is a reduction of 5.4% FUTA Credit if State Unemployment Insurance is filed and paid to the state.  The Net FUTA tax is therefore 0.6% of the first $7,000 in wages. There is no FUTA Tax for any wages over $7,000 per employee per year. The maximum FUTA Tax for each employee is limited to $42 per employee per year.

Minnesota FUTA Tax Form

To file FUTA Tax, employers need to use Form 940.  To qualify for FUTA reduction credit, employers will also need to file and pay their State Unemployment Insurance (UI) tax.

Type Form Form Description
IRS Form 940 Federal FUTA Tax Form

When is FUTA Tax Due?

Minnesota FUTA Tax is due every year on January 31.  The FUTA Tax must be under $500 by January 31.  If the FUTA Tax is over $500, employers must deposit enough FUTA Tax every quarter to the IRS.

Who pays for Minnesota FUTA Tax?

FUTA Tax is paid by the employer and should not be withheld from the employee’s paycheck.  Unemployment Tax and FUTA Tax are the two taxes that are paid by the employer.

Social Security Tax, Federal Withholding and State Withholding are taxes that are deducted from employee’s paycheck.

Tax Who Pays The Tax?
FUTA Tax Employer Responsibility
Unemployment Insurance Employer Responsibility
Social Security Tax 50% Employee Responsibility (6.2%) 50% Employer Responsibility (6.2%)
Medicare Tax 50% Employee Responsibility (1.45%) 50% Employer Responsibility (1.45%)
Federal Withholding Tax Employee Responsibility
State Withholding Tax Employee Responsiblity

Frequently Asked Questions on MN FUTA Taxes

  1. What does FUTA Tax stand for? Federal Unemployment Tax Act
  2. What is the FUTA Income Limit for 2015? $7,000.  Wages over $7,000 are exempt from FUTA Tax
  3. Who pays for Minnesota FUTA Tax? Employer pays for the FUTA Tax
  4. I need Minnesota Recertification Letter for IRS.  Click here for more information on Recertification Letter

Click here for more Frequently Asked Questions on FUTA Tax and Unemployment Tax.

For More Information on Minnesota FUTA Tax and State Unemployment Tax

For more information, please contact Internal Revenue Service (IRS) regarding FUTA Tax (Form 940) at 800-829-4933.

For State Unemployment Tax, please visit Minnesota Unemployment Insurance Department.

Agency  Website
Internal Revenue Service www.irs.gov
Minnesota Dept of Labor www.uimn.org/uimn/employers
Minnesota Dept of Revenue  www.revenue.state.mn.us

Minnesota five largest cities in terms of population: Minneapolis, St Paul, Rochester, Duluth, and Bloomington.  The FUTA Tax and Unemployment Insurance is the same for all the locations.

Wisconsin FUTA Tax

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What is Wisconsin Futa Tax?

The federal unemployment tax is part of the federal and state program under the Federal Unemployment Tax Act (FUTA) that pays unemployment compensation to workers who lose their jobs. The FUTA tax is separate from the Social Security Tax, Medicare Tax, Unemployment Insurance Tax and Withholding Income Tax.

How much is Wisconsin FUTA Tax?

The FUTA tax rate is 6.0% of taxable wages. The taxable wage base is the first $7,000 paid in wages to each employee during a calendar year. Employers who pay the state unemployment tax, on a timely basis, will receive a FUTA reduction credit of up to 5.4% regardless of the rate of tax they pay the state. Therefore, the net FUTA tax rate is generally 0.6% (6.0% – 5.4%), for a FUTA tax of $42 per employee, per year (.006 X $7,000. = $42.00).

Wisconsin – FUTA Tax Rate: is 0.6%
Wisconsin – FUTA Tax Limit: $7,000

Minimum FUTA Tax per employee per year  (0.6%): $42
Maximum FUTA Tax per employee per year (6.0%): $420

Year State Futa Tax Rate Reduction Credit Net FUTA Rate FUTA Taxable Wage Base
2016 Wisconsin 6.0% -5.4% 0.6% $7000

Wisconsin FUTA Tax Rate and FUTA Tax Limits

The FUTA Tax is 6.0% of taxable wage on the first $7,000 of wages.  There is a reduction of 5.4% FUTA Credit if State Unemployment Insurance is filed and paid to the state.  The Net FUTA tax is therefore 0.6% of the first $7,000 in wages. There is no FUTA Tax for any wages over $7,000 per employee per year. The maximum FUTA Tax for each employee is limited to $42 per employee per year.

Wisconsin FUTA Tax Form

To file FUTA Tax, employers need to use Form 940.  To qualify for FUTA reduction credit, employers will also need to file and pay their State Unemployment Insurance (UI) tax.

Type Form Form Description
IRS Form 940 Federal FUTA Tax Form

When is FUTA Tax Due?

Wisconsin FUTA Tax is due every year on January 31.  The FUTA Tax must be under $500 by January 31.  If the FUTA Tax is over $500, employers must deposit enough FUTA Tax every quarter to the IRS.

Who pays for Wisconsin FUTA Tax?

FUTA Tax is paid by the employer and should not be withheld from the employee’s paycheck.  Unemployment Tax and FUTA Tax are the two taxes that are paid by the employer.

Social Security Tax, Federal Withholding and State Withholding are taxes that are deducted from employee’s paycheck.

Tax Who Pays The Tax?
FUTA Tax Employer Responsibility
Unemployment Insurance Employer Responsibility
Social Security Tax 50% Employee Responsibility (6.2%) 50% Employer Responsibility (6.2%)
Medicare Tax 50% Employee Responsibility (1.45%) 50% Employer Responsibility (1.45%)
Federal Withholding Tax Employee Responsibility
State Withholding Tax Employee Responsiblity

Frequently Asked Questions on WI FUTA Taxes

  1. What does FUTA Tax stand for? Federal Unemployment Tax Act
  2. What is the FUTA Income Limit for 2015? $7,000.  Wages over $7,000 are exempt from FUTA Tax
  3. Who pays for Wisconsin FUTA Tax? Employer pays for the FUTA Tax
  4. I need Wisconsin Recertification Letter for IRS.  Click here for more information on Recertification Letter

Click here for more Frequently Asked Questions on FUTA Tax and Unemployment Tax.

For More Information on Wisconsin FUTA Tax and State Unemployment Tax

For more information, please contact Internal Revenue Service (IRS) regarding FUTA Tax (Form 940) at 800-829-4933.

For State Unemployment Tax, please visit Wisconsin Unemployment Insurance Department.

Agency  Website
Internal Revenue Service www.irs.gov
Wisconsin Dept of Labor http://dwd.wisconsin.gov
Wisconsin Dept of Revenue  www.revenue.wi.gov

Wisconsin five largest cities in terms of population: Milwaukee, Madison, Green Bay, Kenosha, and Racine.  The FUTA Tax and Unemployment Insurance is the same for all the locations.

Maryland FUTA Tax

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What is Maryland Futa Tax?

The federal unemployment tax is part of the federal and state program under the Federal Unemployment Tax Act (FUTA) that pays unemployment compensation to workers who lose their jobs. The FUTA tax is separate from the Social Security Tax, Medicare Tax, Unemployment Insurance Tax and Withholding Income Tax.

How much is Maryland FUTA Tax?

The FUTA tax rate is 6.0% of taxable wages. The taxable wage base is the first $7,000 paid in wages to each employee during a calendar year. Employers who pay the state unemployment tax, on a timely basis, will receive a FUTA reduction credit of up to 5.4% regardless of the rate of tax they pay the state. Therefore, the net FUTA tax rate is generally 0.6% (6.0% – 5.4%), for a FUTA tax of $42 per employee, per year (.006 X $7,000. = $42.00).

Maryland – FUTA Tax Rate: is 0.6%
Maryland – FUTA Tax Limit: $7,000

Minimum FUTA Tax per employee per year  (0.6%): $42
Maximum FUTA Tax per employee per year (6.0%): $420

Year State Futa Tax Rate Reduction Credit Net FUTA Rate FUTA Taxable Wage Base
2016 Maryland 6.0% -5.4% 0.6% $7000

Maryland FUTA Tax Rate and FUTA Tax Limits

The FUTA Tax is 6.0% of taxable wage on the first $7,000 of wages.  There is a reduction of 5.4% FUTA Credit if State Unemployment Insurance is filed and paid to the state.  The Net FUTA tax is therefore 0.6% of the first $7,000 in wages. There is no FUTA Tax for any wages over $7,000 per employee per year. The maximum FUTA Tax for each employee is limited to $42 per employee per year.

Maryland FUTA Tax Form

To file FUTA Tax, employers need to use Form 940.  To qualify for FUTA reduction credit, employers will also need to file and pay their State Unemployment Insurance (UI) tax.

Type Form Form Description
IRS Form 940 Federal FUTA Tax Form

When is FUTA Tax Due?

Maryland FUTA Tax is due every year on January 31.  The FUTA Tax must be under $500 by January 31.  If the FUTA Tax is over $500, employers must deposit enough FUTA Tax every quarter to the IRS.

Who pays for Maryland FUTA Tax?

FUTA Tax is paid by the employer and should not be withheld from the employee’s paycheck.  Unemployment Tax and FUTA Tax are the two taxes that are paid by the employer.

Social Security Tax, Federal Withholding and State Withholding are taxes that are deducted from employee’s paycheck.

Tax Who Pays The Tax?
FUTA Tax Employer Responsibility
Unemployment Insurance Employer Responsibility
Social Security Tax 50% Employee Responsibility (6.2%) 50% Employer Responsibility (6.2%)
Medicare Tax 50% Employee Responsibility (1.45%) 50% Employer Responsibility (1.45%)
Federal Withholding Tax Employee Responsibility
State Withholding Tax Employee Responsiblity

Frequently Asked Questions on MD FUTA Taxes

  1. What does FUTA Tax stand for? Federal Unemployment Tax Act
  2. What is the FUTA Income Limit for 2015? $7,000.  Wages over $7,000 are exempt from FUTA Tax
  3. Who pays for Maryland FUTA Tax? Employer pays for the FUTA Tax
  4. I need Maryland Recertification Letter for IRS.  Click here for more information on Recertification Letter

Click here for more Frequently Asked Questions on FUTA Tax and Unemployment Tax.

For More Information on Maryland FUTA Tax and State Unemployment Tax

For more information, please contact Internal Revenue Service (IRS) regarding FUTA Tax (Form 940) at 800-829-4933.

For State Unemployment Tax, please visit Maryland Unemployment Insurance Department.

Agency  Website
Internal Revenue Service www.irs.gov
Maryland Dept of Labor www.dllr.state.md.us
Maryland Dept of Revenue  www.comp.state.md.us
.

Maryland five largest cities in terms of population: Baltimore, Columbia, Germantown, Silver Spring, Waldorf.  The FUTA Tax and Unemployment Insurance is the same for all the locations.

Missouri FUTA Tax

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What is Missouri Futa Tax?

The federal unemployment tax is part of the federal and state program under the Federal Unemployment Tax Act (FUTA) that pays unemployment compensation to workers who lose their jobs. The FUTA tax is separate from the Social Security Tax, Medicare Tax, Unemployment Insurance Tax and Withholding Income Tax.

How much is Missouri FUTA Tax?

The FUTA tax rate is 6.0% of taxable wages. The taxable wage base is the first $7,000 paid in wages to each employee during a calendar year. Employers who pay the state unemployment tax, on a timely basis, will receive a FUTA reduction credit of up to 5.4% regardless of the rate of tax they pay the state. Therefore, the net FUTA tax rate is generally 0.6% (6.0% – 5.4%), for a FUTA tax of $42 per employee, per year (.006 X $7,000. = $42.00).

Missouri – FUTA Tax Rate: is 0.6%
Missouri – FUTA Tax Limit: $7,000

Minimum FUTA Tax per employee per year  (0.6%): $42
Maximum FUTA Tax per employee per year (6.0%): $420

Year State Futa Tax Rate Reduction Credit Net FUTA Rate FUTA Taxable Wage Base
2016 Missouri 6.0% -5.4% 0.6% $7000

Missouri FUTA Tax Rate and FUTA Tax Limits

The FUTA Tax is 6.0% of taxable wage on the first $7,000 of wages.  There is a reduction of 5.4% FUTA Credit if State Unemployment Insurance is filed and paid to the state.  The Net FUTA tax is therefore 0.6% of the first $7,000 in wages. There is no FUTA Tax for any wages over $7,000 per employee per year. The maximum FUTA Tax for each employee is limited to $42 per employee per year.

Missouri FUTA Tax Form

To file FUTA Tax, employers need to use Form 940.  To qualify for FUTA reduction credit, employers will also need to file and pay their State Unemployment Insurance (UI) tax.

Type Form Form Description
IRS Form 940 Federal FUTA Tax Form

When is FUTA Tax Due?

Missouri FUTA Tax is due every year on January 31.  The FUTA Tax must be under $500 by January 31.  If the FUTA Tax is over $500, employers must deposit enough FUTA Tax every quarter to the IRS.

Who pays for Missouri FUTA Tax?

FUTA Tax is paid by the employer and should not be withheld from the employee’s paycheck.  Unemployment Tax and FUTA Tax are the two taxes that are paid by the employer.

Social Security Tax, Federal Withholding and State Withholding are taxes that are deducted from employee’s paycheck.

Tax Who Pays The Tax?
FUTA Tax Employer Responsibility
Unemployment Insurance Employer Responsibility
Social Security Tax 50% Employee Responsibility (6.2%) 50% Employer Responsibility (6.2%)
Medicare Tax 50% Employee Responsibility (1.45%) 50% Employer Responsibility (1.45%)
Federal Withholding Tax Employee Responsibility
State Withholding Tax Employee Responsiblity

Frequently Asked Questions on MO FUTA Taxes

  1. What does FUTA Tax stand for? Federal Unemployment Tax Act
  2. What is the FUTA Income Limit for 2015? $7,000.  Wages over $7,000 are exempt from FUTA Tax
  3. Who pays for Missouri FUTA Tax? Employer pays for the FUTA Tax
  4. I need Missouri Recertification Letter for IRS.  Click here for more information on Recertification Letter

Click here for more Frequently Asked Questions on FUTA Tax and Unemployment Tax.

For More Information on Missouri FUTA Tax and State Unemployment Tax

For more information, please contact Internal Revenue Service (IRS) regarding FUTA Tax (Form 940) at 800-829-4933.

For State Unemployment Tax, please visit Missouri Unemployment Insurance Department.

Agency  Website
Internal Revenue Service www.irs.gov
Missouri Dept of Labor http://labor.mo.gov
Missouri Dept of Revenue  http://dor.mo.gov

Missouri five largest cities in terms of population: Kansas City, St Louis, Springfield, Independence, and Columbia.  The FUTA Tax and Unemployment Insurance is the same for all the locations.