No
The way the credit is computed and reported has changed from tax year 2020.
It will not be on Schedule 1
It will not be additional income.
It will be subtracted from any household ax you owe and be included on your 1040 line 31 as a refundable credit.
The Sick and/or Family leave amounts paid are first listed on Schedule H.
Leave needs to be reported for
Q1 of 2021 (January through March 2021)
Q2 and Q3 (April through September 2021)
On the first screen you report the total leave for Quarter 1 only
On the next screen you split that number (Quarter 1) between sick leave and family leave
THEN
You also enter the sick leave paid for Quarters 2 & 3
You also enter family leave you paid for quarter 2 and 3
(as well as health plan costs if applicable)
If you have the same number on Schedule H lines 1b and 8k, you may not have reported the amounts separately for those two time periods
The credit is computed and applied to your tax.
The refundable portion of the credit is listed on Schedule 3 lines 13b and 13h depending on the time frame. (Q1 or Q2&3)
The refundable portion is carried to your 1040 line 31 (although first added to any other refundable credit you may have on Schedule 3)
The refundable credit is in leu of "Income".
The reporting is different for ax year 2021.
A refundable credit is similar to additional income as far as increasing your refund if not used to lower your tax bill.
According to the IRS:
"How you report qualified sick and family leave wages and the credit for qualified sick and family leave wages has changed. Taxable qualified sick and family leave wages for leave taken after March 31, 2021, and before October 1, 2021, are included on line 1a and taxed at 12.4% for social security tax purposes. However, if you’re reporting any qualified sick and family leave wages for leave taken before April 1, 2021, these wages are reported on line 1b, and taxed at 6.2% for social security tax purposes. For leave taken before April 1, 2021, the credit for qualified sick and family leave wages is reported on line 8b (nonrefundable portion) and, if applicable, line 8e (refundable portion). For leave taken after March 31, 2021, and before October 1, 2021, the credit for qualified sick and family leave wages is reported on line 8c (nonrefundable portion) and, if applicable, line 8f (refundable portion); and the nonrefundable portion of the credit is against the employer share of Medicare tax. For more information, see the instructions for line 8b, line 8c, line 8e, and line 8f, later."
Schedule H instructions
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