Form 940, also known as the Employer’s Annual Federal Unemployment (FUTA) Tax Return, is used by employers to report and pay their annual federal unemployment tax liabilities. This tax helps fund unemployment benefits for workers who lose their jobs.
What is IRS Form 940 used for?
Form 940, also known as the Employer’s Annual Federal Unemployment (FUTA) Tax Return, is used by employers to report and pay their annual federal unemployment tax liabilities. This tax helps fund unemployment benefits for workers who lose their jobs.
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Last modified: December 19, 2025
