What are the changes in Form 941 for the Q3 of 2021?
228 views | Last modified 4/25/2023 4:33:23 AM EST | Added by TaxBandits Team

There are no major changes to Form 941 for the third quarter of 2021. There is only a slight adjustment to the 941 worksheets that employers will need to complete. Instead of using Worksheet 2 to calculate the Employee Retention Credit (ERC), employers must use Worksheet 4.

Form 941 Worksheet 4 is designed to help employers calculate the nonrefundable and refundable portions of the Employee Retention Credit for qualified wages paid after June 30, 2021. Employers will use Worksheet 4 for both the third and fourth quarters of 2021.

To learn more about the 941 Worksheet change for Q3 of 2021, click here.