Form 943 Instructions for 2024

Line 1

Enter the total number of agricultural employees paid during the pay period that includes March 12, 2024. Ensure that you do not include household employees, employees who were not paid during this pay period, pensioners, or active members of the U.S. Armed Forces.

Line 2

Enter the total cash wages, sick pay, and fringe benefits subject to Social Security taxes you paid to your employees for farmwork performed during the calendar year. Do not report wages over $168,600 for each individual employee.

Line 3

Calculate and enter the social security tax. To calculate the amount, simply multiply the amount in Line 2 by 12.4%.

Line 4

Enter the total cash wages, sick pay, and fringe benefits subject to Medicare taxes. There is no wage base limit on the amount subject to Medicare tax.

Line 5

Calculate and enter the Medicare tax. To calculate the amount, simply multiply the amount in Line 4 by 2.9%.

Line 6

Enter the wages that are subject to additional Medicare tax withholding. If any agricultural employees have paid $200,000 or more for the calendar year, then withhold additional Medicare tax from your employee.

Line 7

Calculate and enter the additional Medicare tax withholding. To calculate the amount, simply multiply the amount in Line 6 by 0.9%.

Line 8

Enter the federal income tax you withheld from your employee's wages paid during the year.

Line 9

Enter the total taxes before adjustments. Get this amount by simply adding Social Security tax lines (3, 3a,3b), Medicare tax (line 5), Additional Medicare tax (line 7), and Federal income tax withheld (Line 8).

Line 10

Enter the current year’s tax adjustments, which include rounding fraction cents, adjustment for sick pay, and uncollected employee share of Social Security and Medicare tax on third-party sick pay or group-term life insurance premiums.
A minus sign can be used to show an adjustment that decreases the total taxes shown on line 9. Otherwise, parentheses can be used.

Line 11

Enter the total taxes after adjustments. Get this amount by simply adding lines 9 and 10.

Line 12

Enter the amount of the credit from Form 8974 (Qualified Small Business Payroll Tax Credit for Increasing Research Activities).

Line 13

Enter the total taxes after adjustments and nonrefundable credits by subtracting line 12 from line 11.

Line 14

Enter the deposits for the year, including any overpayment applied from a prior year and Form 943-X.

Line 15

Enter the balance due. If line 13 is more than line 14, enter the difference.

Line 16

Enter overpayment. If line 14 is more than line 13, enter the difference.

Line 17

This line will have the summary of your monthly tax liability. If line 13 is less than $2,500, don't complete line 17 or Form 943-A.

• Complete line 17 only if you were a monthly schedule depositor for the entire year and line 13 is $2,500 or more.
• If you were a semiweekly scheduled depositor during any part of the year, don't complete line 17. Instead, complete Form 943-A and file it along with your return.