Who must complete Worksheet 1 of 941?
698 views | Last modified 2/28/2022 6:12:50 AM EST

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.

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