IRS Releases 2022 Form 940, Schedule A

The IRS has released the 2022 Form 940, Employer’s Annual Federal Unemployment (FUTA) Tax Return, Schedule A (Form 940). 

Four States and Virgin Islands Subject to FUTA Credit Reduction.

California, Connecticut, Illinois, and New York, along with the Virgin Islands, did not pay back their federal loans by the November 10, 2022, deadline and will lose the full Federal Unemployment Tax Act (FUTA) credit for 2022. 

Credit reduction states for 2022: The credit reduction rate for  California, Connecticut, Illinois, and New York is 0.003 (0.3%). The credit reduction rate for the U.S. Virgin Islands is 0.036 (3.6%).

IRS Form 940 Guide

We have update ezPaycheck 2022 payroll software with the new Form 940. Current ezPaycheck 2022 clients can get this update for free. New clients are welcome to download ezPaycheck and test drive with no obligation and no cost.

How to update ezPaycheck 2022

How to File Form 940?


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