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Wayne Michigan 2025 IRS 940: What You Should Know

July 7, 2021. The Director of the Bureau of Labor Statistics (“BLS”) is hereby authorized to make the following public release: Federal unemployment taxes are an important part of the employment cost adjustment system. The taxes provide a supplemental funding source to provide additional funding for unemployment insurance, including unemployment benefits, as well as other Federal benefits, while adjusting the payment rates and rates of benefits for changes in the work force or unemployment rate. The purpose of this publication is for the public and tax professionals (other than those filing Federal tax returns) to obtain additional information on Federal Unemployment Taxes (FTA) and Federal Unemployment Benefits (FUT). The most recent tax release is from 2007. For more information about the tax forms issued by the Internal Revenue Service, please see: IRS Form 940, and IRS Form W-2G. The Department of Labor, Wage and Hour Division is responsible for processing these forms and providing instructions for their filing. Contact us for information on wage and hour/labor standards violations. FTA Information for the Public  A. Unemployment Insurance & Other Federal Benefits B. Unemployment Tax C. FUT D.

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