Payroll Taxes

FUTA and SUTA: Employer Payroll Taxes Explained

FUTA and SUTA are unemployment taxes paid entirely by employers. Workers never see them on a paystub — but as a small business owner, they shape your hiring costs.

FUTA — Federal Unemployment Tax Act

  • Rate: 6.0% on the first $7,000 of each employee's wages = max $420/employee/year
  • Credit: Up to 5.4% credit if you pay state unemployment on time, dropping effective FUTA to 0.6% ($42/employee/year)
  • Reported quarterly via deposits; annual Form 940

SUTA — State Unemployment Tax Act

Every state runs its own unemployment insurance fund. Rates and wage bases vary widely:

  • Wage bases range from $7,000 (CA, FL, TN) to over $50,000 (WA, HI)
  • Rates are experience-rated: new employers start mid-pack, then move based on layoff history
  • Typical effective rate: 1–6% of the state wage base

Credit reduction states

States that borrow from the federal unemployment fund and don't repay can lose part of the 5.4% FUTA credit. California, NY, and the Virgin Islands have all been credit-reduction at various times. The IRS publishes the annual list with Form 940 instructions.

Who's exempt

  • Sole proprietors don't pay FUTA/SUTA on themselves
  • S-Corp owner-employees: yes, on their W-2 wages
  • 1099 contractors: no — that's the point of contractor vs employee
  • Certain agricultural, household, and family employees: special rules

Common mistakes that get expensive

  • Missing FUTA deposit deadlines and losing the credit
  • Misclassifying employees as contractors (states audit aggressively)
  • Forgetting state new-hire reporting
  • Not registering for SUTA in every state where employees live and work

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