Form 940 is the Federal Unemployment Tax Return employers file to report FUTA taxes. The filing deadline for tax year 2025 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 eligible workers. Filing accurately ensures compliance with IRS rules and avoids penalties and interest.

Who Must File Form 940?

Employers must file Form 940 if they:

1. Paid $1,500 or more in wages to employees in any calendar quarter of 2025, or

2. Employed at least one person for part of a day in 20 or more weeks during 2025

For official IRS guidance, see IRS Form 940 Instructions.

What Form 940 Reports

Form 940 includes:

1. Total taxable FUTA wages

2. FUTA tax owed

3. Credit for state unemployment taxes paid

4. Deposits made during the year

Accurate reporting ensures correct FUTA calculations and prevents underpayment penalties.

Form 940 Filing Deadline

For tax year 2025:

1. Due date: January 31, 2026

Late filing can result in penalties and interest, even if taxes were paid on time. Filing early helps avoid last-minute complications.

FUTA Tax Rate and Payment

1. FUTA tax rate: 6.0% on the first $7,000 of wages per employee

2. Employers can receive a credit of up to 5.4% for state unemployment taxes paid

3. Payments can be made via EFTPS (Electronic Federal Tax Payment System) or by check/money order

Proper calculation ensures compliance and prevents penalties or overpayment.

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 happens if I miss the Form 940 deadline?
Late filing can result in penalties and interest on unpaid FUTA tax.

3. Can I file Form 940 electronically?
Yes. The IRS recommends filing through E-File or EFTPS.

4. Are any employers exempt from FUTA?
Certain nonprofits and government employers may be exempt. Confirm eligibility with the IRS.

Get Professional Help With Form 940

FUTA reporting can be complex, especially with multiple employees or payroll adjustments. Professional assistance ensures accurate filing, correct calculations, and compliance with IRS rules.

Call +1-866-513-4656 for expert help with Form 940, FUTA tax calculations, and IRS compliance.

Final Note

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

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