When is Form 940 due?

The deadline to file Form 940 is January 31st, but if you paid your FUTA tax when it was due throughout the year, you have until February 10 to file.

Form 940 Due Dates for 2024

Q: How often are 940 payments due?

If your FUTA tax liability is more than $500 for the calendar year, you must deposit payments quarterly. If your FUTA tax liability is $500 or less in a quarter, it can be carried onto the next quarter

Stephanie Glanville | Last Updated on November 12, 2024

Written by Stephanie Glanville

Stephanie Glanville is the Marketing Manager of TaxBandits. She has several years of experience with IRS tax forms and the funtionality of TaxBandits. With a passion to help business owners better understand their IRS tax forms and filing, she aims to create content that is valuable and informative.

Form 940 for the 2024 tax year is due by January 31, 2025. E-File Now!

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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 your FUTA tax liability is	940 payment due date
more than $500	1st Quarter - April 30 2nd Quarter - July 31 3rd Quarter - October 31 4th Quarter - January 31
$500 or less	January 31

If your FUTA tax liability is

940 payment due date

more than $500

1st Quarter - April 30

2nd Quarter - July 31

3rd Quarter - October 31

4th Quarter - January 31

$500 or less

January 31

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.

Effortless FUTA tax payments at your convenience!

You can make your 940 tax deposits easily through the TaxBandits EFTPS payment solution. Know more

File and Pay Your FUTA Taxes On Time, and Meet the Deadline With TaxBandits!

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!

TaxBandits, an IRS-authorized e-file provider, simplifies your 940 filing process with secure and efficient filing, timely deadline reminders via call or email, and tax payments through EFTPS, offering a complete solution for your business.

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