What's news with the 2022 940: Including Credit Reduction States, Who Must File A 940, Electronic Fund Transfers and Withdrawals and More! What's New: Credit Reduction State A state that hasn't repaid money it borrowed from the federal government to pay unemployment benefits is a "credit reduction state." The U.S.… https://wwwtest.aatrix.com/news/2022/12/2022-940-information/