Unemployment taxes are part of the Federal Unemployment Tax Act (FUTA) of the United States that imposes taxes on employers to help fund state agencies that administer state unemployment insurance programs. This tax is imposed on nearly all employers who need to pay state and federal taxes if they pay an average of $1,500 to their employees in each quarter of the calendar year.
Our free downloadable Sample Forms cover different unemployment tax forms that are accepted by the Internal Revenue Service (IRS). These include unemployment credit tax forms and other printable forms depending on the kind of tax needed in relation to the FUTA requirements. These can be printed and available in both Word Doc and PDF formats.
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Free Unemployment Tax Registration Form
Free Unemployment Federal Tax Form
Unemployment Tax Report Form in PDF
Unemployment Credit Tax Form Example
Claim for Tax Repayment During Unemployment Form
State and federal unemployment taxes have been revised over the years, and President Barack Obama had FUTA requirements changed as recently as February 2011 under his proposed budget that was passed by Congress. It includes paying unemployment taxes if a company or employer has workers that are employed for a total of 20 weeks in each calendar year.
Federal unemployment taxes are being used for a variety of government-funded programs to help mostly unemployed but capable workers in job-related search programs. These are also used for extended unemployment benefits for workers who have been lain off their jobs specially in times of economic slowdown when unemployment begins to rise.
There are, however, exemptions that cannot be covered under FUTA requirements. The following are exempted from being covered by unemployment taxes:
- work and services being done outside the United States;
- nonprofit organizations;
- salaries to workers being employed and paid by a foreign government or organizations;
- salaries paid by any government entity or institution of the U.S. government;
- wages paid to a deceased employee that are paid after his death;
- wages paid by a school who employs and pays any student of that school; and
- wages paid to a spouse, family member, or child under 21 years of age.
For a complete list of exemptions, anyone can access the IRS website and look up unemployment tax exemptions under the Federal Unemployment Tax Act (FUTA) requirements section.
We also offer free downloadable Self Employment Tax Forms and Sample Federal Tax Forms for those who need to print these forms for their tax requirements.
Unemployment Income Tax Form Example
Unemployment Repayment Tax Form to Download
Besides unemployment tax forms, we also have free downloadable and printable tax forms that workers can use to claim tax credits. U.S. Federal laws are quite complicated when it comes to paying taxes. When you lose your job and is suddenly unemployed, that doesn’t mean you are automatically exempted form paying taxes.
As mentioned earlier, unemployment taxes employers must pay mostly go to government-funded programs that deal with unemployment benefits. If you are unemployed and a beneficiary to unemployment compensation, it’s a taxable income that you need to pay, especially if you chose not to have taxes withheld after receiving unemployment benefits.
Our Sample Tax Exemption Forms helps you file your tax exemptions especially on Earned Income Tax Credit or EITC. If you work in a job that’s not earning you much, chances are you’re eligible for EITC. You can check the IRS website for any tax exemptions that you can apply as tax credit, especially if you have a couple of dependents.
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