Are there any changes in Worksheet 1 of Form 941 for Quarter 1, 2021?
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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) |
|
|
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.