940 Futa Tax Rate 2024

940 Futa Tax Rate 2024. The standard futa tax rate is 6.0%, but employers can generally receive a credit of 5.4% when they file their form 940, employer’s annual federal unemployment (futa) tax. The federal unemployment tax act (futa) establishes a payroll tax, known as the futa tax, that.

Employer’s annual federal unemployment tax return; The futa rate isn’t applicable once the employee grosses more than $7,000.