Are there any changes in Worksheet 1 of Form 941 for Quarter 1, 2021?
223 views | Last modified 3/17/2021 7:35:21 AM EST

Applicable To
Form 941 Form 1099 / W-2 Form 2290

Yes, there are few changes made in Worksheet 1 of  Form 941 for Quarter 1 of 2021. Below mentioned are the changes: 

Lines  Quarter 4 of 2020  Quarter 1 of 2021

Step 1

Line 1 j(i) Not applicable 

Enter the amount to be claimed on Form 5884-D, for this quarter (Newly added for this quarter)

Line 1 k Total nonrefundable credits already used against the employer share of social security tax. Add lines 1i and 1j Total nonrefundable credits already used against employer share of social security tax. Add line 1i, 1j and 1 j(i) 
Step 2
Line 2 a(iii) Not applicable 

Qualified sick leave wages excluded from the definition of employment under section 3121(b)(Newly added for this quarter)


Line 2 d

Credit for qualified sick leave wages. Add lines 2a(ii), 2b, and 2c Credit for qualified sick leave wages. Add lines 2a(ii), 2a(iii), 2b, and 2c 
Line 2 e(iii)  Not applicable

Qualified family leave wages excluded from the definition of employment under section 3121(b)(Newly added for this quarter)

Line 2 h  Credit for qualified family leave wages. Add lines 2e(ii), 2f, and 2g Credit for qualified family leave wages. Add lines 2e(ii), 2e(iii), 2f, and 2g
Step 3
Line 3 d Retention credit. Multiply line 3c by 50% (0.50) Retention credit. Multiply line 3c by 70% (0.70)

 

Refer to this link for step-by-step instructions to complete your worksheet 1 while filing Form 941 using ExpressEfile.

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