941 Quarterly Federal Tax Return - Load - Modify Percentages

Use the 941 Quarterly Federal Tax Return - Load - Modify Percentages page to temporarily override the FICA and Medicare tax percentages used during 941 data load processing. It allows you to specify custom rates for special situations, most commonly when processing returns for prior years that had different tax rates. The screen modifies six key percentage values (employee/employer FICA, employee/employer Medicare, Additional Medicare percentage, and threshold) that directly affect how Social Security and Medicare taxes are calculated on the 941 return. Changes made on this screen are temporary and session-specific; they do not permanently alter the system's default tax rate configuration. After modifying the rates, they are used only for the next 941 load operation, after which the system reverts to its configured defaults.

1. On the 941 Quarterly Federal Tax Return - Load page, review the percentages to be used for the load process.

2. If the percentages are incorrect or if you need to load data for a prior quarter that used different percentages, select Modify Percentages, refer to the Field descriptions, and update the values.

3. Select Accept to return to the 941 Quarterly Federal Tax Return - Load page with the edited percentages displayed.

Field descriptions

The following table describes the fields on the 941 Quarterly Federal Tax Return - Load - Modify Percentages page.