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King Washington Form Tax 940: What You Should Know
The Federal Unemployment tax rates Tax information for the Federal Unemployment Tax (FTA) Tax in 2018 What is the Federal Unemployment Tax? Who is required to file an FTA? Filing your federal Unemployment tax return includes a basic report and additional information such as pay, benefits, unemployment, and deductions. Is the Federal Unemployment tax filing deadline in King? March 15 by law. For 2024 tax year, if you start filing April 15 your first paycheck can be due April 19. If you have paid into a tax-deferred employer 401k plan as a lump sum, you may be receiving a notice from your employer to start sending your first payment in May. If all of these things happen, on or before April 1, you will officially start Federal Unemployment tax filing. If you had paid in part, up until April 1, you can deduct half your wages as regular income if you file by April 15. If you had paid for certain tax-deferred employee 457 plans in addition to your regular wages during the year, that deduction would automatically apply. If you paid in part, in the first half, you will be able to deduct the difference between the two rates in the second half of the year. For more information: King | Washington Department of Revenue What is the Federal Unemployment tax rate? Unemployment taxes vary by state. Below are the State and Federal Unemployment rates for 2016: King (Washington State) Federal Tax Rate 1 .2% 5.2% 2 .5% 10.4% 3 4.5% 13.3% Federal Unemployment Rates for 2024 are as follows: King (Washington State) Federal Tax Rate 0.1% .7% 0.1% (10.4% for tax year 2017) 0.1% (17.5% for tax year 2017) For more information on the Federal Unemployment tax, click on “Federal Unemployment Tax”. How can the Federal Unemployment tax be avoided? You can avoid the Federal Unemployment tax on income earned in Washington State through the tax deferral method described here. What is a tax deferral? If you are not required to file a tax return or pay taxes, but you pay yourself a salary (from an employer who has not filed an income tax return). Washington State law allows you to pay yourself a portion of your income that you have not worked and that is not subject to Washington State employment taxes or the federal Unemployment tax.
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