Form 940 is the Federal Unemployment Tax Return employers file to report FUTA taxes. For the 2025 tax year, the filing deadline is January 31, 2026.

Form 940 Federal Unemployment Tax Return Deadline: January 31, 2026. Call +1-866-513-4656.

Form 940 is used by employers to report federal unemployment taxes (FUTA), which fund unemployment benefits for workers who lose their jobs. Filing accurately and on time is essential to remain compliant with IRS regulations and avoid penalties or interest.

Who Must File Form 940?

Employers must file Form 940 if:

• They paid $1,500 or more in wages to employees in any calendar quarter of 2025, or
• They employed at least one person for part of a day in 20 or more different weeks during 2025

For detailed instructions, see IRS Form 940 Instructions.

What Form 940 Reports

Form 940 includes:

• Total FUTA taxable wages
• FUTA tax owed
• Credit for state unemployment taxes paid
• Deposits made during the year

Accurate completion ensures proper FUTA tax calculation and avoids penalties for underpayment.

Form 940 Filing Deadline

For tax year 2025:

• Deadline: January 31, 2026

Late filing can lead to penalties and interest, even if taxes were deposited on time. Early preparation ensures smooth compliance.

FUTA Tax Rate and Payment

• Standard FUTA tax rate is 6.0% on the first $7,000 of wages per employee.
• Employers may claim a credit of up to 5.4% for state unemployment taxes paid.
• Payment options include EFTPS (Electronic Federal Tax Payment System) or check/money order.

Correct reporting and payment prevent overpayment and IRS penalties.

FAQs: Form 940

1. Do I need to file Form 940 if I pay state unemployment tax?

Yes, FUTA is separate, but you may claim a credit for state unemployment taxes paid.

2. What if I miss the filing deadline?

Late filing may result in penalties and interest on unpaid FUTA tax.

3. Can Form 940 be filed electronically?

Yes. The IRS encourages filing via E-File or EFTPS for convenience and speed.

4. Are any employers exempt from FUTA?

Certain nonprofit organizations and state or local government employers may be exempt. Verify eligibility with the IRS.

Get Expert Help With Form 940

FUTA tax reporting can be tricky, especially for businesses with multiple employees or payroll adjustments. Professional guidance ensures accurate filing and full compliance with IRS rules.

Call +1-866-513-4656 for expert assistance with Form 940, FUTA tax calculations, and filing.

Final Note

Employers should review payroll records carefully. The Form 940 filing deadline is January 31, 2026, and timely, accurate reporting ensures compliance with federal unemployment tax requirements.

Call +1-866-513-4656 today for trusted FUTA reporting guidance.