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Level 2
posted Mar 1, 2024 12:04:58 PM

Where to enter the deferred social security tax payments in turbo tax.

In 2020 I took the option to defer some social security taxes (CARES Act). I repaid it in 2021. I have to amend my 2021 return for other reasons but, wondering if there is a place I enter those deferred repayments? Can anyone answer this?

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1 Replies
Expert Alumni
Mar 1, 2024 12:26:18 PM

The IRS says on their website to pay the deferred SS taxes at a special place on their website. See "How to repay the deferred taxes" down the page of "What employers need to know about repayment of deferred payroll taxes". 

 

Are you self-employed? If yes, this will take some thinking on where to enter this. Perhaps you enter it as a Misc deduction on Schedule C with a good description and you will pay (if possible) at the webpage the IRS tells you about in the link above).