TaxBandits Knowledge Base

Who must complete Worksheet 1 of 941?

If you’re an employer who files Form 941 and is eligible for credits under the CARES Act and Employee Retention Credit, you may need to use Worksheet 1. This worksheet is an essential tool for calculating refundable tax credits related to COVID-19. For example, you can use it to calculate the following credits:

• Sick leave credits
• Family leave credits
• Employee retention credits

Worksheet 1 helps you determine the refundable and non-refundable portions of these credits. TaxBandits has integrated Worksheet 1 into its Form 941 filing process for easy and accurate calculation.

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