Will the new COBRA Premium Assistance Credits apply against my 941 deposits each payroll?

For the second quarter of 2021, these entries will be reported on the Form  941  and refunded directly from the IRS.  

The new COVID-19 COBRA Premium Assistance contribution type is available in Zenefits Payroll. Customers are able to enter the amounts into payroll and have the credits applied against their Federal  941  deposits for the quarter in which they are entered.