| Year: | 1940 |
| Team: | North Carolina Tar Heels |
| Sport: | football |
| Conference: | Southern Conference |
| Short Conf: | SoCon |
| Record: | 6–4 |
| Conf Record: | 3–2 |
| Head Coach: | Raymond Wolf |
| Hc Year: | 5th |
| Captain: | Paul Severin, Gates Kimball |
| Stadium: | Kenan Memorial Stadium |
The 1940 North Carolina Tar Heels football team represented the University of North Carolina at Chapel Hill during the 1940 college football season. The Tar Heels were led by fifth-year head coach Raymond Wolf and played their home games at Kenan Memorial Stadium. They competed as a member of the Southern Conference.
Paul Severin was selected as a first-team All-American end by the Associated Press for a second straight year, as well as by the NEA, Newsweek, and Football Digest.[1] He is remembered for a game-saving tackle of Steve Lach in UNC's win against rival Duke.[2]
North Carolina was ranked at No. 47 (out of 697 college football teams) in the final rankings under the Litkenhous Difference by Score system for 1940.[3]