Wiki source code of What is a Credit Reduction State
Version 2.1 by christie w on 2023/03/07 18:48
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| 1 | A state that has not repaid money it borrowed from the federal government to pay unemployment benefits is called a **Credit Reduction State**. | ||
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| 3 | The [[U.S. Department of Labor>>https://www.irs.gov/businesses/small-businesses-self-employed/futa-credit-reduction]] determines which states are Credit Reduction States. | ||
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| 5 | The current Credit Reduction States will have a Reduction Rate shown on the Schedule A of the 940 Form. |