Paylocity will apply this update to all applicable 2023 Forms 940. To review the full scope of the DOL announcement, visit: FUTA Credit Reductions, US Dept of Labor.opens in a new tab Thank you for choosing Paylocity as your Payroll Tax partner. This information is provided as a courtesy,...
Social Security, Medicare, Railroad Retirement Tax Act (RRTA), or FUTA taxes. While there are a few exceptions, this puts business owners in a great position to offer tax-advantaged perks to their employees.