Credit Reduction Definition
Credit Reduction Short Definition
U.S. states that have borrowed federal funds to meet their state unemployment obligations and have failed to repay the loans within the allotted time period. As a result, employers in these states will owe more in federal unemployment tax (FUTA) on their 940 tax return.
What Are Credit Reduction States?
What Are the Credit Reduction States for 2014?
What Are FUTA Credit Reduction States?
Last Updated By
Patriot Software | Dec 29, 2014