If you are a non-profit organization and have applied, and been approved for, 501(c)(3) status, the IRS considers your business exempt from federal unemployment tax (FUTA). Update this information in Wave to ensure your tax calculations and forms are accurate.
You must notify Wave if you have received 501(c)(3) status.
To mark your business as FUTA exempt in Wave:
- Open the top right menu by clicking your business name, then click Business settings.
- Under the Payroll heading, click Tax Profile.
- In the Internal Revenue Service section, find Settings for Federal Unemployment Tax.
- Click contact Wave Support to submit your request.
You will only see contact Wave Support if you selected the Non-profits, Associations & Groups business type during business profile setup.
If you don't see contact Wave Support, open Mave, Wave’s automated chatbot, and type futa exempt. Mave will help collect any relevant details and direct you to the appropriate support. Learn how to open Mave in Get support with Wave.
Once the support team has completed your request, your settings will be updated automatically, so you do not need to manually change the settings.