What are the Changes in the Revised Form 941 for the Q1 of 2022?
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Last modified 4/25/2023 4:36:48 AM EST |
Added by TaxBandits Team
Applicable To
94X
1099
W-2
ACA
W-4
The changes in the revised Form 941 for Q1 of 2022 are in reflection of the employee retention credit and advance payment of COVID-19 credits ending. Also, the social security wage base limit is made into $147,000. Below listed are the line changes in Form 941:
- Line 11c, 13d, 21 and 22 related to employee retention credit are now “Reserved for future use”.
- Line 13h and 13i related to total advances are now “Reserved for future use.”
- Line 18 now has only one option to choose if you’re a seasonal employer, and you don’t have to file a return for every quarter of the year.
To learn more about the changes to the First Quarter of 2022 Form 941, click here.