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You must make a Form 940 deposit if your federal unemployment tax (FUTA) liability exceeds $500 for the year. If your liability is $500 or less, you can carry it over to the next year. If your FUTA tax liability is more than $100, you typically need to make quarterly deposits, with the due dates being January 31, April 30, July 31, and October 31. However, any unpaid balance must be settled by January 31 of the following year.

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AnswerBot

1mo ago

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