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Schedule H calculation error for 2021 taxes for FUTA?
Preparing Schedule H for 2021 Fed tax filing. Calculation for FUTA [Federal Unemployment Tax Act] in TurboTax seems incorrect at 0.6% when the tax rate for 2021 is 6%. This seems to under-report FUTA tax owed by a factor of 10. Anyone else seeing this error? I've updated the software as of today.
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‎February 21, 2022
4:08 PM