View our full Glossary of accounting & payroll terms Visit full glossary Glossary definition What is unemployment deduction? Unemployment deduction Employers must pay unemployment taxes for their employees based on the Federal Unemployment Tax Act (FUTA). Related topics HR and Payroll Tax Search Search for: See this term in action December 27, 2024 9 min read Why it’s easier than you think to switch payroll software December 13, 2024 14 min read Tax due dates & deadlines for 2025 December 3, 2024 9 min read 5 signs your business needs an integrated payroll and HR system Learn more about this definition and others Featured reading July 23, 2024 3 min read Unlock the secrets of successful CFOs April 3, 2024 8 min read 8 AI side hustle ideas to try in 2024 July 11, 2024 12 min read Cash flow statement template (download for Excel)