Futa Tax Rate For 2024. The federal unemployment insurance tax act (futa), sections 3302(c)(2) and 3302(d)(3), provides that employers in states that have an outstanding balance of. Therefore, employers shouldn't pay more than $420 annually for each employee (6.0% x $7,000).

Find federal unemployment tax act (futa) tax filing and reporting information applicable to u.s. The credit can bring the futa tax rate down as low as 0.6%.