Question

If the FUTA tax liability is more than $500.00, when must the FUTA tax be deposited?

Answer 1

If the FUTA tax liability is more than $500.00, the FUTA tax must be deposited on a quarterly basis, with the deposits due by the last day of the month following the end of the quarter.

Step-by-step explanation:

If the FUTA tax liability is more than $500.00, the FUTA tax must be deposited on a quarterly basis. The tax deposits are due by the last day of the month following the end of the quarter. For example, if the tax liability is more than $500.00 for the first quarter (January-March), the deposit is due by April 30th.