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February 7, 2021

Your self-employment income may be eligible for a portion of your self-employment tax to be deferred.  See this TurboTax Help.

 

IRS Form SE line 18 allows you to report that portion of your self-employment income can be attributed to the calendar period of March 27, 2020 through December 31, 2020.

 

In TurboTax Online Self-Employed, to enter self-employment tax deferral, follow these steps. 

  • Down the left side of the screen, click on Federal.
  • Across the top of the screen, click on Deductions  & credits.
  • Under Your tax breaks, scroll down to Self-employment tax deferral.
  • Click on Edit/Add to the right of Self-employment tax deferral.
  • At the screen Do you want more time to pay your self-employment tax?, click Yes.
  • At the screen Let's start by getting your eligible income, this dollar amount will be reported on IRS Form SE line 18.
  • Click on Continue.
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