Wiki source code of What is a Credit Reduction State
Last modified by Derek K on 2024/02/07 22:29
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1.1 | 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. | ||
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| 9 | == Related Pages: == | ||
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| 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]] === | ||
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4.1 | 14 | ====== Read the requirement for 940 Schedule A. ====== |
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| 17 | === [[Increasing Amounts for Credit Reduction States>>doc:Windows.U\.S\..Standard Filing Questions ».940 Forms.Increasing Amounts for Credit Reduction States.WebHome]] === | ||
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4.1 | 19 | ====== Read what happens if the state is a Credit Reduction State. ====== |
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| 22 | === [[What are the Credit Reduction States?>>doc:Windows.U\.S\..Standard Filing Questions ».940 Forms.What are the Credit Reduction States?.WebHome]] === | ||
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4.1 | 24 | ====== Read which states are considered Credit Reduction States. ====== |