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March 8, 2021
Question

What am i supposed to do with form 3554 and its Credit Owner? I do not understand, why i was given this at the end.

  • March 8, 2021
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March 10, 2021

Form 3554 is used to obtain a credit for new employees acquired during the year.  For 2020, you could qualify for the credit if you hired employees in a Designated Geographical Area.  Please see the link below for additional information to determine if you qualify for this credit.

 

Form 3554 - New Employment Credit

 

If you determine this credit does not apply to your return, you can delete the form as follows:

 

Log back into your TurboTax program.

  1. Select Tax Tools in the black panel on the left
  2. Select Tools below Tax Tools
  3. Select Delete a Form
  4. Scroll down until you see Form 3554.  Select delete to the right of this form to remove it.
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