Form 941-X Correction & Benefit Estimator

Discovered an error on a previously filed Form 941? Use this tool to estimate the financial impact and understand your options for correction.

Step 1: What type of error did you discover?

Step 2: Enter Correction Details

Amount of Wages/Tips Overreported

Enter the total wage amount you need to correct.

Missed Payroll Tax Credit (Optional)

Enter any credits you were eligible for but didn't claim.

Step 3: How do you want to handle the overpayment?

Adjustment Process (Credit) Apply the overpayment as a credit to your next Form 941 filing. Improves cash flow. Claim Process (Refund) Request a direct refund check from the IRS for the overpaid amount.

Your Estimated Financial Impact

Total Tax Overpayment

$0

Financial Benefit

$0

as a credit on your next Form 941.

Next Steps:

Based on this estimate, you can file Form 941-X using the 'Adjustment Process' to claim this amount as a credit. This will reduce the total tax you need to deposit for the quarter in which you file.

Disclaimer: This is an estimate for informational purposes. It uses standard FICA tax rates (Social Security 6.2% employer + 6.2% employee; Medicare 1.45% employer + 1.45% employee) and doesn't account for wage base limits or other complex tax situations. Always consult a qualified tax professional.