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SUTA AND FUTA
on the suta form which line is deductible and on what line on the schedule C should it be added to?
on the Futa form 940 which line is deductible and what line on schedule c should it be added to?
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most states have SUTA form filing requirements quarterly. And the FUTA form (940) is filed annually.
the amount of taxes that is the employer portion ...is all that is deductible....in both instances. All of the FUTA tax is the employer's responsibility...and all of the SUTA payments in my state (Tennessee) are the employer's responsibility. Not sure if any state makes the employee pay part of his unemployment tax..none in the surrounding states around me do.
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