New FUTA Tax Rate for 2011

The Federal Unemployment Tax (FUTA) Act surcharge of 0.2% was expired on June 30, 2011. This means that the FUTA rate for employers decreased from 6.2% to 6.0% starting on July 1, 2011. The IRS is currently working to revise Form 940, Employer’s Annual Federal Unemployment Tax Return, to accommodate the two different rates and [...]
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