941 for 2024: Employer’s QUARTERLY Federal Tax Return

Form 941x: 941 for 2024: Employer’s QUARTERLY Federal Tax Return

Use Tax Form 941x: 941 for 2024: Employer’s QUARTERLY Federal Tax Return as a stand alone tax form calculator to quickly calculate specific amounts for your 2024 tax return. Alternatively you can use one of our Combined Federal and State Tax Estimator to quickly calculate your salary, tax and take home pay.

941 for 2024: Employer’s QUARTERLY Federal Tax Return
Part 1: Select ONLY one process. See page 4 for additional guidance.
1. Adjusted employment tax return. Check this box if you underreported amounts. Also check this box if you overreported amounts and you would like to use the adjustment process to correct the errors. You must check this box if you're correcting both underreported and overreported amounts on this form. The amount shown on line 21, if less than zero, may only be applied as a credit to your Form 941, Form 941-SS, or Form 944 for the tax period in which you're filing this form. 2. Claim. Check this box if you overreported amounts only and you would like to use the claim process to ask for a refund or abatement of the amount shown on line 21. Don't check this box if you're correcting ANY underreported amounts on this form.
Part 2: Complete the certifications.
3. I certify that I've filed or will file Forms W-2, Wage and Tax Statement, or Forms W-2c, Corrected Wage and Tax Statement, as required. Note: If you're correcting underreported amounts only, go to Part 3 on page 2 and skip lines 4 and 5. If you're correcting overreported amounts, for purposes of the certifications on lines 4 and 5, Medicare tax doesn't include Additional Medicare Tax. Form 941-X can't be used to correct overreported amounts of Additional Medicare Tax unless the amounts weren't withheld from employee wages or an adjustment is being made for the current year. 4. If you checked line 1 because you're adjusting overreported amounts, check all that apply. You must check at least one box. I certify that: a. I repaid or reimbursed each affected employee for the overcollected federal income tax or Additional Medicare Tax for the current year and the overcollected social security tax and Medicare tax for current and prior years. For adjustments of employee social security tax and Medicare tax overcollected in prior years, I have a written statement from each affected employee stating that he or she hasn't claimed (or the claim was rejected) and won't claim a refund or credit for the overcollection. b. The adjustments of social security tax and Medicare tax are for the employer’s share only. I couldn't find the affected employees or each affected employee didn't give me a written statement that he or she hasn't claimed (or the claim was rejected) and won't claim a refund or credit for the overcollection. c. The adjustment is for federal income tax, social security tax, Medicare tax, or Additional Medicare Tax that I didn't withhold from employee wages. 5. If you checked line 2 because you're claiming a refund or abatement of overreported employment taxes, check all that apply. You must check at least one box. I certify that: a. I repaid or reimbursed each affected employee for the overcollected social security tax and Medicare tax. For claims of employee social security tax and Medicare tax overcollected in prior years, I have a written statement from each affected employee stating that he or she hasn't claimed (or the claim was rejected) and won't claim a refund or credit for the overcollection. b. I have a written consent from each affected employee stating that I may file this claim for the employee’s share of social security tax and Medicare tax. For refunds of employee social security tax and Medicare tax overcollected in prior years, I also have a written statement from each affected employee stating that he or she hasn't claimed (or the claim was rejected) and won't claim a refund or credit for the overcollection. c. The claim for social security tax and Medicare tax is for the employer’s share only. I couldn't find the affected employees; or each affected employee didn't give me a written consent to file a claim for the employee’s share of social security tax and Medicare tax; or each affected employee didn't give me a written statement that he or she hasn't claimed (or the claim was rejected) and won't claim a refund or credit for the overcollection. d. The claim is for federal income tax, social security tax, Medicare tax, or Additional Medicare Tax that I didn't withhold from employee wages.
Part 3: Enter the corrections for this quarter. If any line doesn't apply, leave it blank.
		Column 1 Total corrected amount (for ALL employees)	-	Column 2 Amount originally reported or as previously corrected (for ALL employees)	=	Column 3 Difference (If this amount is a negative number, use a minus sign.)		Column 4 Tax correction
6	Wages, tips and other compensation (Form 941, line 2)		-		=		Use the amount in Column 1 when you prepare your Forms W-2 or Forms W-2c.
7	Federal income tax withheld from wages, tips, and other compensation (Form 941, line 3)		-		=		Copy Column 3 here ▸
8	Taxable social security wages (Form 941 or 941-SS, line 5a, Column 1)		-		=		x 0.124* =
8						*If you're correcting your employer share only, use 0.062. See instructions.
9	Taxable social security tips (Form 941 or 941-SS, line 5b, Column 1)		-		=		x 0.124* =
9						*If you're correcting your employer share only, use 0.062. See instructions.
10	Taxable Medicare wages and tips (Form 941 or 941-SS, line 5c, Column 1)		-		=		x 0.029* =
10						*If you're correcting your employer share only, use 0.0145. See instructions.
11	Taxable wages & tips subject to Additional Medicare Tax withholding (Form 941 or 941-SS, line 5d)		-		=		x 0.009* =
11						*Certain wages and tips reported in Column 3 shouldn't be multiplied by 0.009. See instructions.
12	Section 3121(q) Notice and Demand—Tax due on unreported tips (Form 941 or 941-SS, line 5f)		-		=		Copy Column 3 here ▸
13	Tax adjustments (Form 941 or 941-SS, lines 7–9)		-		=		Copy Column 3 here ▸
14	Qualified small business payroll tax credit for increasing research activities (Form 941 or 941-SS, line 11; you must attach Form 8974)		-		=		See instructions
15	Special addition to wages for federal income tax		-		=		See instructions
16	Special addition to wages for social security taxes		-		=		See instructions
17	Special addition to wages for Medicare taxes		-		=		See instructions
18	Special addition to wages for Additional Medicare Tax		-		=		See instructions
19	Combine the amounts on lines 7–18 of Column 4
20a	COBRA premium assistance payments (see instructions)		-		=		See instructions
20b	Number of individuals provided COBRA premium assistance (see instructions)		-		=
21	Total. Combine the amounts on lines 19 and 20a of Column 4
21	If line 21 is less than zero: • If you checked line 1, this is the amount you want applied as a credit to your Form 941 for the tax period in which you're filing this form. (If you're currently filing a Form 944, Employer’s ANNUAL Federal Tax Return, see the instructions.) • If you checked line 2, this is the amount you want refunded or abated. If line 21 is more than zero, this is the amount you owe. Pay this amount by the time you file this return. For information on how to pay, see Amount you owe in the instructions.
Part 4: Explain your corrections for this quarter.
22. Check here if any corrections you entered on a line include both underreported and overreported amounts.Explain both your underreported and overreported amounts on line 24.
23. Check here if any corrections involve reclassified workers. Explain on line 24.
24. You must give us a detailed explanation of how you determined your corrections.See the instructions.

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