Revised Form 941 for the 2nd Quarter 2021
This article covers the following topics:
- Form 941 Changes for Quarter 2, 2021
- Deadline to file Form 941 for Q2, 2021
- E-File Form 941 in less than 5 minutes
E-File Form 941 with ExpressEfile in 3 simple steps and get
your filing status instantly.
Form 941 Q2 Deadline is on
August 02, 2021
Form 941 Changes for 2nd Quarter 2021
Updated on June 28, 2021 - 10:30 AM by Admin, ExpressEfile
The IRS has released a new Form 941 for the 2nd Quarter of the 2021 tax year. The American Rescue Plan Act of 2021 (ARP), signed into law on March 11, 2021, includes relief for employers and their employees during COVID-19. As always employers need to report COVID-19 credits on Form 941, so the IRS has updated the form to reflect the ARP. The new Form 941 includes changes to 23 fields, with provisions for COBRA premium assistance and qualified sick and family leave wages.
Here is your guide to Form 941 changes for the second quarter of 2021.
1. Form 941 Changes for Quarter 2, 2021
The IRS has revised Form 941 for Q2, 2021. The American Rescue Plan Act of 2021 (ARP) is providing COBRA premium assistance credits and credits for qualified sick and family leave wages, prompting major IRS amendments on Form 941. Here are the line by line Form 941 changes for
Quarter 2, 2021.
Line 5a, 5a(i) and 5a(ii)
| 2020 Q1 Form 941 | 2021 Q2 Form 941 |
|---|---|
|
Taxable social security wages, Qualified sick leave wages, and Qualified family leave wages.
(Lines 5a, 5a(i) and 5a(ii) are used to report Taxable social security wages, Qualified sick leave wages, and Qualified family leave wages for the quarter.)
|
Taxable social security wages*, Qualified sick leave wages*, and Qualified family leave wages*.
(The asterisk symbol on line 5a indicates to include taxable qualified sick and family leave wages for leave taken after March 31, 2021, and lines 5a(i) and 5a(ii) will be used to report only for wages paid after March 31, 2020, for leave taken before March 31, 2021.)
|
Line 11b
| 2021 Q1 Form 941 | 2021 Q2 Form 941 |
|---|---|
|
Non-refundable portion of credit for qualified sick and family leave wages.
(This line was used to report the non-refundable portion of credit for qualified sick and family leave wages from Worksheet 1.)
|
Non-refundable portion of credit for qualified sick and family leave wages for leave taken before March 31, 2021.
(This line will be used to report the non-refundable portion of credit for qualified sick and family leave wages for leave taken before March 31, 2021, due to the amendments to sick and family leave wages.)
|
Line 11d
| 2021 Q1 Form 941 | 2021 Q2 Form 941 |
|---|---|
|
Total non-refundable credits. Add lines 11a, 11b, and 11c.
(This line was used to report the total non-refundable credits by adding up lines 11a, 11b, and 11c.)
|
Non-refundable portion of credit for qualified sick and family leave wages for leave taken after March 31, 2021.
(This line will be used to report the non-refundable portion of credit for qualified sick and family leave wages for leave taken after March 31, 2021.)
|
Line 11e
| 2021 Q1 Form 941 | 2021 Q2 Form 941 |
|---|---|
|
Not used in the First Quarter 2021.
|
Non-refundable portion of COBRA premium assistance credit (see instructions for applicable quarter).
(This line is introduced to report the non-refundable portion of COBRA premium assistance credit.)
|
Line 11f
| 2021 Q1 Form 941 | 2021 Q2 Form 941 |
|---|---|
| Not used in the First Quarter 2021. |
Number of individuals provided COBRA premium assistance.
(This line is introduced to reports the number of individuals provided COBRA premium assistance. )
|
Line 11g
| 2021 Q1 Form 941 | 2021 Q2 Form 941 |
|---|---|
| Not used in the First Quarter 2021. |
Total nonrefundable credits. Add lines 11a, 11b, 11c, 11d, and 11e.
(This line will be used to report the total non-refundable credits by adding lines 11a, 11b, 11c, 11d, and 11e.)
|
Line 13c
| 2021 Q1 Form 941 | 2021 Q2 Form 941 |
|---|---|
|
Refundable portion of credit for qualified sick and family leave wages.
(This line is used to report the refundable portion of credit for qualified sick and family leave wages for this quarter.)
|
Refundable portion of credit for qualified sick and family leave wages for leave taken before March 31, 2021.
(This line will be used to report the refundable portion of credit for qualified sick and family leave wages for leave taken before March 31, 2021.)
|
Line 13e
| 2021 Q1 Form 941 | 2021 Q2 Form 941 |
|---|---|
|
Total deposits and refundable credits. Add lines 13a, 13c, and 13d.
(This line was used to report total deposits and refundable credits. Add lines 13a, 13c, and 13d.)
|
Refundable portion of credit for qualified sick and family leave wages for leave taken after March 31, 2021.
(This line will be used to report refundable portion of credit for qualified sick and family leave wages for leave taken after March 31, 2021.)
|
Line 13f
| 2021 Q1 Form 941 | 2021 Q2 Form 941 |
|---|---|
|
Total advances received from filing Form 7200 for the quarter.
(This line was used to report the total advances received from filing 7200 forms for the quarter.)
|
Refundable portion of COBRA premium assistance credit.
(This line will be used to report the refundable portion of COBRA premium assistance credit.)
|
Line 13g
| 2021 Q1 Form 941 | 2021 Q2 Form 941 |
|---|---|
|
Total deposits and refundable credits, excluding advances.
(This line was used to determine total deposits made in the quarter and refundable credits excluding advances received through Form 7200, without tax deferrals.)
|
Total deposits and refundable credits. Add lines 13a, 13c, 13d, 13e, and 13f .
(This line will be used to report the total deposits and refundable credits by adding lines 13a, 13c, 13d, 13e, and 13f .)
|
Line 13h
| 2021 Q1 Form 941 | 2021 Q2 Form 941 |
|---|---|
| Not used in the First Quarter 2021. |
Total advances received from filing Form(s) 7200 for the quarter.
(This line will be used to report the total advances received from filing Forms 7200 for the quarter.)
|
Line 13i
| 2021 Q1 Form 941 | 2021 Q2 Form 941 |
|---|---|
| Not used in the First Quarter 2021. |
Total deposits and refundable credits, excluding advances.
(This line was used to determine total deposits made in the quarter and refundable credits excluding advances received through Form 7200, without tax deferrals.)
|
Line 14
| 2021 Q1 Form 941 | 2021 Q2 Form 941 |
|---|---|
|
Balance due. If line 12 is more than line 13g, enter the difference.
(This line was used to report the balance due. Line 12 and 13g are used to calculate the amount only if line 12 is more than line 13g.)
|
Balance due. If line 12 is more than line 13i, enter the difference.
(This line is still used to report the balance due but line 12 and 13i are used to calculate the amount only if line 12 is more than line 13i.)
|
Line 15
| 2021 Q1 Form 941 | 2021 Q2 Form 941 |
|---|---|
|
Overpayment. If line 13g is more than line 12, enter the difference.
(This line was used to report the overpayment. Line 12 and 13g are used to calculate the amount only if line 12 is more than line 13 g.)
|
Overpayment. If line 13i is more than line 12, enter the difference.
(This line is still used to report the overpayment, but line 12 and 13i are used to calculate the amount only if line 12 is more than line 13i.)
|
Line 18b
| 2021 Q1 Form 941 | 2021 Q2 Form 941 |
|---|---|
| This line was not used in the First Quarter 2021. |
Check the box, If you’re eligible for employee retention credit 2021 solely because your business is a recovery startup business.
(This line is introduced to indicate if you’re eligible for employee retention credit solely because your business is a recovery startup business.)
|
Line 19
| 2021 Q1 Form 941 | 2021 Q2 Form 941 |
|---|---|
|
Qualified health plan expenses allocable to qualified sick leave wages.
(This line was used to report qualified health plan expenses allocable to qualified sick leave wages.)
|
Qualified health plan expenses allocable to qualified sick leave wages for leave taken before March 31, 2021.
(This line will be used to report qualified health plan expenses allocable to qualified sick leave wages for leave taken before March 31, 2021.)
|
Line 20
| 2021 Q1 Form 941 | 2021 Q2 Form 941 |
|---|---|
|
Qualified health plan expenses allocable to qualified family leave wages.
(This line was used to report qualified health plan expenses allocable to qualified family leave wages.)
|
Qualified health plan expenses allocable to qualified family leave wages for leave taken before March 31, 2021.
(This line will be used to report qualified health plan expenses allocable to qualified family leave wages for leave taken before March 31, 2021.)
|
Line 23
| 2021 Q1 Form 941 | 2021 Q2 Form 941 |
|---|---|
|
Credit from Form 5884-C.
(This line was used to report the credit amount from line 11 of Form 5884-C for the work opportunity credit for qualified tax-exempt organizations hiring qualified veterans for this quarter.)
|
Qualified sick leave wages for leave taken after March 31, 2021.
(This line will be used to report qualified sick leave wages for leave taken after March 31, 2021.)
|
Line 24
| 2021 Q1 Form 941 | 2021 Q2 Form 941 |
|---|---|
|
Reserved for future use.
(This line is not applicable for Q1, 2021, this line is reserved for future use. There is no need to report anything in this line.)
|
Qualified health plan expenses allocable to qualified sick leave wages reported on line 23.
(This line will be used to report qualified health plan expenses allocable to qualified sick leave wages.)
|
Line 25
| 2021 Q1 Form 941 | 2021 Q2 Form 941 |
|---|---|
|
Reserved for future use.
(This line is not applicable for Q1, 2021, this line is reserved for future use. There is no need to report anything in this line.)
|
Amounts under certain collectively bargained agreements allocable to qualified sick leave wages reported on line 23.
(This line will be used to report the amounts under certain collectively bargained agreements allocable to qualified sick leave wages.)
|
Line 26
| 2021 Q1 Form 941 | 2021 Q2 Form 941 |
|---|---|
| This line was not used in the First Quarter 2021. |
Qualified family leave wages for leave taken after March 31, 2021.
(This line will be used to report qualified family leave wages for leave taken after March 31, 2021. )
|
Line 27
| 2021 Q1 Form 941 | 2021 Q2 Form 941 |
|---|---|
| This line was not used in the First Quarter 2021. |
Qualified health plan expenses allocable to qualified family leave wages reported on line 26.
(This line will be used to report qualified health plan expenses allocable to qualified family leave wages.)
|
Line 28
| 2021 Q1 Form 941 | 2021 Q2 Form 941 |
|---|---|
| This line was not used in the First Quarter 2021. |
Amounts under certain collectively bargained agreements allocable to qualified family leave wages reported on Line 26.
(This line will be used to report amounts under certain collectively bargained agreements allocable to qualified family leave wages.)
|
2. When is the deadline to file Form 941 for Quarter 2, 2021
Form 941 must be filed for every quarter, even if there are no taxes to report for a quarter. Here are all the Form 941 deadlines for the 2021 tax year. E-file Form 941 with ExpressEfile and get your filing status instantly.
| Quarter | Reporting Period | Due Date |
|---|---|---|
Quarter 1 |
Jan, Feb, and Mar |
April 30, 2021 |
Quarter 2 |
Apr, May, and Jun |
August 02, 2021 |
Quarter 3 |
Jul, Aug, and Sep |
November 01, 2021 |
Quarter 4 |
Oct, Nov, and Dec |
January 31, 2022 |
3. E-File Form 941 in less than 5 minutes with ExpressEfile
ExpressEfile is proud to support the most up-to-date version of Form 941 for the 2021 tax year.
E-filing is the IRS recommendation for meeting Form 941 filing requirements. Not only is e-filing safer and easier for employers; e-filed forms get processed faster by the IRS. With ExpressEfile, you’ll get access to built-in error-checks, validating your return and reducing the risk of IRS rejection.
E-file Form 941 for Q2, 2021 in three simple steps:
- 1. Enter the Form 941 information
- 2. Review the Form 941
- 3. Transmit it to the IRS