941 Instructions 2024 Penalties. To stay compliant and avoid irs penalties, you will need to file form 941 every quarter without fail. See the instructions for form 941 if you're eligible to claim the credit for qualified sick and family leave wages because you paid the wages in 2024 for an earlier applicable leave period.

Effective for tax periods beginning after december 31, 2023, the lines used to claim the credit for qualified sick and family leave wages have been removed from form 941, employer’s. See the instructions for form 941 if you’re eligible to claim the credit for qualified sick and family leave wages because you paid the wages in 2024 for an earlier applicable leave period.