Increasing Amounts for Credit Reduction States
Version 2.1 by jackb on 2023/10/31 16:20
Being a credit reduction state means that the state owes money to the IRS and each employer in the credit reduction state does not get a reduced amount to pay.
Companies pay more to reduce the amount of money owed to the IRS by the State.
Related Pages:
What are the Credit Reduction States?
Read which states are considered Credit Reduction States.
Non-credit Reduction States on 940 Schedule A Form
Read the requirement for 940 Schedule A.
What is a Credit Reduction State
Read the definition of a Credit Reduction State.