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March 16, 2021
Question

Where do I find how much social security tax I owe for my deferred payments? (self-employed)

  • March 16, 2021
  • 1 reply
  • 0 views
I am self-employed and I selected that I want to defer some of my social security taxes and pay half of that amount at the end of this year and the other half next year. When I filled it out, it showed me how much I will owe but now that I filed my tax return, I can't find it anywhere. How do I find out how much I owe? Thanks!

1 reply

ColeenD3
March 17, 2021

Allowed SE tax deferral amount (worksheet to Schedule 3, line 12e)

In general, the amount that a taxpayer is allowed to defer is the smaller of:

    • The maximum deferral amount, or
    • The tax underpayment, i.e. the difference between total taxes due and total taxes paid in.