For 2026, the SIMPLE IRA contribution limit is $17,000, with a $4,000 catch-up for those 50 and over, totaling $21,000.
Learn what an IRA is, how it works, and compare the 4 main types—Traditional, Roth, SEP, and SIMPLE IRAs—with key rules on contributions, tax benefits, and withdrawals.
Why do target-date funds make ideal IRA investments? Here to discuss this topic is Jason Kephart, a senior principal with Morningstar’s manager research team. The interview has been edited for length ...
Use Form 940 to report your annual Federal Unemployment Tax Act (FUTA) tax. Together with state unemployment tax systems, the FUTA tax provides funds for paying unemployment compensation to workers who have lost their jobs.
Form 940 is the Employer’s Annual Federal Unemployment (FUTA) Tax Return, filed once per year to reconcile unemployment tax obligations and claim state credit reductions.
Form 940 vs Form 941 explained: Learn which employment tax return your U.S. business needs, how often to file each, and what they report.
Form 940 vs. Form 941: What’s the Difference and When to File Each?
Form 940, Employer’s Annual Federal Unemployment Tax Return, is an IRS form that employers use to report any FUTA tax payments they’ve made over the course of the calendar year, as well as any outstanding FUTA payments they have yet to make.
Form 940 is the document used to record and reconcile the tax payments you make throughout the year. In this article, we’ll explore which businesses need to pay FUTA tax, how to calculate your FUTA tax with Form 940, and your payment options.