Version 4.1 by jackb on 2023/11/03 16:13
Show last authors
1 A state that has not repaid money it borrowed from the federal government to pay unemployment benefits is called a **Credit Reduction State**.
2
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.
4
5 The current Credit Reduction States will have a Reduction Rate shown on the Schedule A of the 940 Form.
6
7 ----
8
9 == Related Pages: ==
10
11
12 === [[Non-credit Reduction States on 940 Schedule A Form>>doc:Windows.U\.S\..Standard Filing Questions ».940 Forms.Non-credit Reduction States on 940 Schedule A Form.WebHome]] ===
13
14 ====== Read the requirement for 940 Schedule A. ======
15
16
17 === [[Increasing Amounts for Credit Reduction States>>doc:Windows.U\.S\..Standard Filing Questions ».940 Forms.Increasing Amounts for Credit Reduction States.WebHome]] ===
18
19 ====== Read what happens if the state is a Credit Reduction State. ======
20
21
22 === [[What are the Credit Reduction States?>>doc:Windows.U\.S\..Standard Filing Questions ».940 Forms.What are the Credit Reduction States?.WebHome]] ===
23
24 ====== Read which states are considered Credit Reduction States. ======