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Part 1: Answer these questions for this quarter. Employers in American Samoa, Guam, the Commonwealth of the Northern Mariana Islands, the U.S. Virgin Islands, and Puerto Rico can skip lines 2 and 3, unless you have employees who are subject to U.S. income tax withholding.
Information about Form 941, Employer's Quarterly Federal Tax Return, including recent updates, related forms, and instructions on how to file. Form 941 is used by employers who withhold income taxes from wages or who must pay social security or Medicare tax.
At this time, the IRS expects the March 2024 revision of Form 941 and these instructions to also be used for the second, third, and fourth quarters of 2024. If changes in law require additional changes to Form 941, the form and/or these instructions may be revised.
Purpose of Form 941.....4 Who Must File Form 941?.....4 When Must You File?.....5 How Should You Complete Form 941?.....6 Where Should You File?.....7 Depositing Your Taxes.....7 What About Penalties and Interest?.....8 Adjustment of Tax on Tips.....8
The federal income tax withheld and Social Security and Medicare taxes are added together on either Form 941 or Form 944. The resulting net tax after credits and adjustments is the amount of employment taxes you owe for the quarter (Form 941) or the year (Form 944).
General information for employers about filing requirements. View due dates and actions for each month. You can see all events or filter them by monthly depositor, semiweekly depositor, excise or general event types. Review options from small businesses to e-file Forms 940, 941, 944 and 945.
Purpose of Form 941. Who Must File Form 941? When Must You File? How Should You Complete Form 941? Where Should You File? Depositing Your Taxes. What About Penalties and Interest? Adjustment of Tax on Tips. Specific Instructions: Part 1:Answer These Questions for This Quarter. Part 2:Tell Us About Your Deposit Schedule and Tax Liability for ...
How you report qualified sick and family leave wages and the credit for qualified sick and family leave wages has changed. Taxable qualified sick and family leave wages for leave taken after March 31, 2021, and before October 1, 2021, are included on line 5a and taxed at 12.4% for social security tax purposes.
Form 941. Employer's Quarterly Federal Tax Return. Employers who withhold income taxes, social security tax, or Medicare tax from employee's paychecks or who must pay the employer's portion of social security or Medicare tax. Form 941 PDF.
Form 941-X is filed to correct Form 941 or Form 941-SS. Unless otherwise noted, references to Form 941 on Form 941-X and in these instructions also apply to a Form 941-SS filed for quarters beginning before January 1, 2024.