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

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%).

We have updated ezPaycheck 2022 payroll software. Current clients can get this update for free. New clients are welcome to try ezPaycheck payroll software free demo with no obligation and no cost.

How to File Form 940?

ezPaycheck Free Download Link
Please feel free to contact us directly  if you need assistance
Small Business Payroll & Tax Software Solution