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February 16, 2021
Question

What if I don’t have a form they are requesting info from? They say I need line 18 max deferal amount, but I don’t have that form

  • February 16, 2021
  • 1 reply
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The form is a self employment 1040

1 reply

February 17, 2021

It refers to the new law that self-employed individuals may defer the payment of 50 percent of the Social Security tax imposed on net earnings from self-employment income for the period beginning on March 27, 2020 and ending December 31, 2020. If you don't want to calculate the amount or defer the taxes, you can put 0 in the line 18.