What are the changes to the Form 941 Worksheets for Q2 2021?
276 views | Last modified 4/24/2023 5:39:23 AM EST | Added by TaxBandits Team

The IRS Form 941 has been updated multiple times over the past year due to COVID-19; it has been updated once again for the second quarter of 2021.

There has only been one worksheet for calculating the refundable and non-refundable portions of paid leave credits and the employee retention credits until this quarter. 

For the second quarter of 2021, the following Form 941 worksheets should be used:

Worksheet 1 - This worksheet is used to calculate the refundable and non-refundable portions paid sick and family leave wages. 

Worksheet 2 - This worksheet is used to calculate the refundable and non-refundable portions of Employee Retention Credit for the wages paid after March 31, 2021, and before July 1,
2021. Click here to learn more.

Worksheet 3 - This worksheet is used to calculate the credits on sick and family leave wages paid for the leave taken after March 31, 2021, and before October 1, 2021 

Worksheet 5 - This worksheet is used to calculate the COBRA Premium Assistance Credit.

TaxBandits supports all worksheets, complete with automatic calculations for the second quarter of 2021. So, what ar you waiting for? Sign up with TaxBandits today to e-file Form 941 for the second quarter of 2021.