OmegaComp Blog FUTA Credit Reduction Reminder

The FUTA Credit Reduction What is it?  For-profit employers pay federal (FUTA) and state unemployment insurance (UI) taxes on wages paid. The FUTA tax rate is 6.0%, but employers receive an offsetting credit of 5.4% for payment of state UI taxes. This makes the effective FUTA tax rate 0.6 %, which applies to wages paid […] The post FUTA Credit Reduction Reminder appeared first on .