Form 940 Due Dates for 2025

How often are 940 payments due?

Form 940 payment due date is based on when the FUTA taxes are deposited. Here are the deposit deadlines based on your tax liability.

If the FUTA tax liability is more than $500 for the calendar year, then the payments should be deposited for at least one quarter. If the liability is $500 or less in a quarter, it can be carried over to the next quarter.

For more detailed information about when to deposit your FUTA tax, click here.

What are the penalties for late filing & payment?

The IRS will impose penalties if you fail to file your 940 return within the deadline. Additionally, you will be imposed with a penalty for late payment of taxes. This will be increased daily for the amounts that you have not deposited properly.

For more information on penalty rates for late filing and payment of taxes, click here.

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As an employer, managing tax filings and deposits can be overwhelming and time-intensive. To ensure the timely submission of Form 940, get started with TaxBandits today!

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Learn more about how TaxBandits simplifies the process to e-file Form 940.