E-File Form 940 Online in
a Few Simple Steps
Enter your data, review the form, and transmit it to the IRS effortlessly with
our cloud-based software!
Why E-File 940 with TaxBandits?
- Includes Schedule A & Form 940-V
- Built-in error checks to ensure accurate filing
- Multiple payment options to pay tax due
- AI-powered assistance & world-class support
Powerful PRO Features for
Tax Professionals
- Bulk Upload Client Data Using Excel
- Advanced Client & Team Management Tools
- Effortlessly E-Sign Form 8453-EMP / 8879-EMP
Form 940 Filing Made Easy and Effortless with Innovative Features
Your e-filing experience is perfected with a tailored solution!
Includes 940 Schedule A
If you’re a multi-state employer, you can fill out and attach Schedule A with Form 940 at no additional cost.
Upload Filing Data in Bulk
Eliminate the hassle of manually entering data by using our 940 Excel template to import your filing data in bulk.
Free Online Signature PIN
You can sign your 940 with an Online Signature PIN. If you don’t have one, you can request it for FREE using TaxBandits.
Built-in Form 8453-EMP
Our software integrates Form 8453-EMP, allowing you to save time by e-signing your Form 940 in minutes.
Options to Pay Balance Due
TaxBandits offers flexible options to pay your 940 tax due: EFW, EFTPS, credit/debit card, or by check/money order.
Instant IRS Status Updates
Get instant updates about the status of returns via email or text notifications once the IRS processes your 940.
Prior-Year Tax Filing
TaxBandits supports Form 940 filing for both the current (2024) and previous tax years (2023 and 2022).
Record Keeping
Keep all your returns organized with our record-keeping feature. Easily access your past 940 forms anytime.
Simplified Form 940 filing is guaranteed with our intuitive features!
Premium Solution for Tax Professionals to Manage 940 Filings for Unlimited Clients
A comprehensive software trusted by tax pros across the country!
Team Management
Invite your team members to manage your clients’ 940 filings. Assign each member a specific role to streamline your filing process.
Multi E-Signature Option
Your signature process is now made simpler! Send e-sign requests to multiple clients at once. Then, sign them all in a single click.
Supports 940 Schedule R
TaxBandits supports 940 Schedule R, allowing 3504 agents, CPEOs, and PEOs to meet their client’s employment tax responsibilities.
Developer-Friendly API
You can integrate your existing software or portal with our API, which includes clear documentation, to automate your 940 filings.
Pricing for Form 940 E-Filing
An affordable option to meet your 940 compliance!
- Includes Schedule A, 8453-EMP, 940-V
- Includes Line 10 worksheet
- Record keeping for up to 7 Years
- Live chat, Phone, & email support
- Timely deadline reminders
$5.95 /Form
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Trusted by millions of businesses and tax professionals for seamless tax filings!
How to File 940 Electronically with TaxBandits?
Sign up for your free account and follow the steps below to e-file Form 940 with ease!
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Step 1: Enter Your Infomation
Enter the total payment made to employees, including FUTA tax liability details, and attach Schedule A if applicable.
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Step 2: Pay Balance Due (if any)
Select your preferred payment method to pay your tax due. You can easily make EFTPS, and credit card payments directly through TaxBandits.
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Step 3: Review and Transmit to the IRS
Use your Online Signature PIN or Form 8453-EMP to sign your return, review it, and transmit it to the IRS.
Are you ready to e-file Form 940?
Get started with TaxBandits and easily File Form 940 Online.
Watch how to E-file Form 940
What Information is Required to File Form 940 Online?
Here are the essential details to file Form 940 online.
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1. Business Details
- Employer Identification Number (EIN)
- Name (not your trade name)
- Trade name (if any)
- Business Address
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2. FUTA Taxes and Deposits
- Total wages paid to employees
- Payments exempt from FUTA
- Total FUTA wages
- Attach 940 Schedule A (If applicable)
- Adjustments for state exclusions (if applicable)
- FUTA liability deposits
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3. Signing Authority Information
- Use Online Signature PIN or Form 8453-EMP to sign your return.
You can refer to the 940 instructions to learn how to file Form 940 accurately.
E-file 940 to report your unemployment taxes with TaxBandits.
Hassle-free filing with our Free Form 941 Worksheet Template
Form 941 Worksheet Template
Auto-Calculate your COVID-19 related tax credits easily. Using this template, you can determine:
- The employer share of social security tax
- Refundable and non-refundable portions
- Sick and family leave credits
- Employee retention credits for the Quarter
Frequently Asked Questions
What is IRS Form 940?
Form 940 is the Employer’s Annual Federal Unemployment (FUTA) Tax Return. Employers file Form 940 to report annual FUTA tax. The FUTA tax provides funds for paying unemployment compensation to workers who have lost their jobs. Only employers are responsible for paying FUTA tax; it is not deducted from employees’ wages.
The FUTA tax rate is 6% on the first $7000 of each employee's wages for the entire year. If state unemployment taxes (SUTA) are paid on time, the FUTA tax can be reduced to 0.6 percent.
Get detailed information about IRS Form 940.
Who must file Form 940?
Generally, Form 940 is filed by employers who meet the following criteria:
- Paid wages of $1,500 or more to employees during the calendar year or
- Have a minimum of one employee for at least some part of a day in any 20 or more weeks.
Are there any changes to Form 940 for the 2024 Tax Year?
For the 2024 tax year, Form 940 has undergone several changes, as announced by the IRS. Here are the key changes:
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Credit reduction rates are increased for certain states, including California (CA), New York (NY), and the U.S. Virgin Islands (VI).
Check the rates - Starting in 2024 or sometime during the year, the IRS is expected to implement electronic filing for amended Form 940.
To learn more about the changes to Form 940, click here.
Do I need to file 940 if no payments have been made to the employees?
If you’re not liable for FUTA tax for 2024 because you haven’t made any payments to employees in 2024, check Box C (No payments to employees in 2024) on Form 940. Then, sign and file it with the IRS.
When is the deadline to file Form 940 for the 2024 Tax Year?
For the 2024 tax year, the due date to file Form 940 is January 31, 2025. However, if all FUTA taxes are deposited by their due date, the deadline to file 940 is extended to February 10, 2025.
Click here to check out the 940 filing and FUTA tax deposit deadline for the 2024 tax year.
Who must file 940 Schedule A along with Form 940?
Employers should file Schedule A (Form 940) if,
- They have paid wages to employees in more than one state (multi-state employer) or
- They paid wages in any state that's subject to credit reduction.
Click here to learn more about the 940 filing requirements of a multi-state employer.
How to pay the balance due on Form 940 to the IRS?
The balance due is the amount owed to the IRS after reconciling your FUTA tax liabilities and deposit. You can pay the balance due using the following methods through TaxBandits:
- Electronic Funds Withdrawal (EFW)
- Electronic Federal Tax Payment System (EFTPS)
- Credit/Debit Card
- Check or Money Order.
Get your balance-due payment done in minutes!
TaxBandits provides you with an exclusive EFTPS payment solution to make your 940 tax deposits easily. Know more
What are the penalties if you don’t file Form 940 on time?
Failure to file Form 940 by the deadline will result in a 5% penalty on the tax due. This amount will accrue every month until the amount owed is paid in full.
The IRS will also penalize you for making a late payment or for not paying the full amount you owe. You will be charged 2-15% of the unpaid tax depending on how many days your payment is late.
Get more detailed information about Form 940 penalties for not filing or not paying the taxes.
Helpful Resources to File Form 940 Online
