FUTA unemployment tax
Up to $42/employee
Can You Write Off FUTA Unemployment Tax?
Short answer: Yes: federal unemployment tax (0.6% on the first $7,000 per employee after state credit) is a deductible payroll tax.
File Form 940 annually.
Records to keep: Keep the receipt, proof of payment, and a note or log showing business use; for mixed-use items, track the business percentage.
BW-B23-01664
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FUTA unemployment tax
Typical range: Up to $42/employee
General Business
Equipment & Gear
Business Equipment & Products
Yes: federal unemployment tax (0.6% on the first $7,000 per employee after state credit) is a deductible payroll tax.
BizWriteOffs provides educational information only and is not tax, legal, or accounting advice. Deductibility depends on your specific facts and records. Consult a qualified tax professional.
Business justification
Yes: federal unemployment tax (0.6% on the first $7,000 per employee after state credit) is a deductible payroll tax. File Form 940 annually.
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- Business Equipment & Products
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