Futa Wage Base 2025

Futa Wage Base 2025. Unlike fica taxes, it’s solely covered by the employer. The federal unemployment tax act (futa) requires that each state’s taxable wage base must at least equal the futa wage base of $7,000 per employee, although most states’ wage bases exceed the required amount.

State unemployment insurance taxes are based on a percentage of the taxable wages an employer pays. State ui tax rates are essential for employers in calculating the correct amount of ui tax to withhold from payroll.