Labour market · 01/12/2023Updated: 10/17/2026 · 1 min read
FUTA Credit Reductions for 2023: What You Need to Know
Summary
The Federal Unemployment Tax Act (FUTA) will experience credit reductions starting in 2023, affecting employers who fail to pay state unemployment taxes on time, according to a recent IRS notice.
Original source language: Federal Register — Department of LaborOpen original release →