Who must complete Worksheet 1 of 941?
259 views | Last modified 4/24/2023 5:07:27 AM EST | Added by TaxBandits Team

Applicable To
94X 1099 W-2 ACA W-4

If you are an employer who files Form 941 and is eligible for credits under CARES Act and Employees Retention Credit, you may have to use Worksheet 1. This Worksheet 1 is a valuable tool for calculation when employers want to claim refundable tax credits due to COVID-19. For example, you can calculate the following COVID-19-related tax credits using the worksheet.

  • The sick leave credits
  • The family leave credits
  • The employee retention credits

This worksheet helps you determine refundable and non-refundable portions of the above credits. Worksheet 1 is built into TaxBandits Form 941 filing flow for easy calculation.

Get started with TaxBandits today to e-file Form 941.

Was this helpful? Yes No

Sign Up for a
FREE TaxBandits Account!

Register Now

Returning User? Sign in

Couldn't find what you
are looking for?

Contact Us

(704) 684-4751 support@taxbandits.com