Tax Form 940 Fill in and Calculate Online

Form 940: Employer's Annual Federal Unemployment (FUTA) Tax Return

Use Tax Form 940: Employer's Annual Federal Unemployment (FUTA) Tax Return as a stand alone tax form calculator to quickly calculate specific amounts for your 2025 tax return. Alternatively you can use one of our Combined Federal and State Tax Estimator to quickly calculate your salary, tax and take home pay.

Employer's Annual Federal Unemployment (FUTA) Tax Return
Part 1: Tell us about your return. If any line does NOT apply, leave it blank. See instructions before completing Part 1.
1a	If you had to pay state unemployment tax in one state only, enter the state abbreviation		1a
1b	If you had to pay state unemployment tax in more than one state, you are a multi-state employer		1b	Check here. Complete Schedule A (Form 940).
2	If you paid wages in a state that is subject to CREDIT REDUCTION		2	Check here. Complete Schedule A (Form 940).
Part 2: Determine your FUTA tax before adjustments. If any line does NOT apply, leave it blank.
3	Total payments to all employees		3
4	Payments exempt from FUTA tax	4
	Check all that apply: 4a Fringe benefits 4c Retirement/Pension 4e Other 4b Group-term life insurance 4d Dependent care
5	Total of payments made to each employee in excess of $7000	5
6	Subtotal (line 4 + line 5 = line 6)		6
7	Total taxable FUTA wages (line 3 – line 6 = line 7). See instructions		7
8	FUTA tax before adjustments (line 7 x 0.006 = line 8)		8
Part 3: Determine your adjustments. If any line does NOT apply, leave it blank.
9	If ALL of the taxable FUTA wages you paid were excluded from state unemployment tax, multiply line 7 by 0.054 (line 7 × 0.054 = line 9). Go to line 12		9
10	If SOME of the taxable FUTA wages you paid were excluded from state unemployment tax, OR you paid ANY state unemployment tax late (after the due date for filing Form 940), complete the worksheet in the instructions. Enter the amount from line 7 of the worksheet		10
11	If credit reduction applies, enter the total from Schedule A (Form 940)		11
Part 4: Determine your FUTA tax and balance due or overpayment. If any line does NOT apply, leave it blank.
12	Total FUTA tax after adjustments (lines 8 + 9 + 10 + 11 = line 12)		12
13	FUTA tax deposited for the year, including any overpayment applied from a prior year		13
14	Balance due. If line 12 is more than line 13, enter the excess on line 14. • If line 14 is more than $500, you must deposit your tax. • If line 14 is $500 or less, you may pay with this return. See instructions		14
15	Overpayment. If line 13 is more than line 12, enter the excess on line 15 and check a box below		15
	▸ You MUST complete both pages of this form and SIGN it. Check one: Apply to next return. Send a refund.
Part 5: Report your FUTA tax liability by quarter only if line 12 is more than $500. If not, go to Part 6.
16	Report the amount of your FUTA tax liability for each quarter; do NOT enter the amount you deposited. If you had no liability for a quarter, leave the line blank.
	16a 1st quarter (January 1 – March 31)	16a
	16b 2nd quarter (April 1 – June 30)	16b
	16c 3rd quarter (July 1 – September 30)	16c
	16d 4th quarter (October 1 – December 31)	16d
17	Total tax liability for the year (lines 16a + 16b + 16c + 16d = line 17)	17	Total must equal line 12.

Follow us on Facebook to be informed of the latest updates to the US Tax Form Calculator and our popular Tax and Finance Calculators.