Tax forms
Form 940, Employer's Annual Federal Unemployment (FUTA) Tax Return, reports the federal unemployment tax an employer owes for the year. The tax is based on the first $7,000 of wages paid to each employee, subject to credits.
Form 940 is separate from the quarterly 941. A missed 940 is a missed unemployment tax filing, even when the 941s were filed.
An employer pays FUTA on the first $7,000 of each employee's wages and files Form 940 with the annual return.
Checked November 3, 2026. Public pages and tax rules change; confirm them before relying on them.