Get your taxes done using TurboTax

Yes. You can delete your election to defer your self-employment taxes from your tax return. However, the credit you may be seeing is half of your self-employment tax that is deducted from your return. TurboTax will automatically deduct half of the self-employment tax. You can confirm this by going to Preview my 1040. On Line 14, Deductible part of self-employment tax, in Part II, you will see half of your self-employment tax is deducted. 

If you need help previewing your 1040, please follow these steps in TurboTax:

1. Click on Tax Tools in the left column.
2. Click on Tools.
3. Click on View Tax Summary.
4. Click on Preview my 1040 under 2020 Taxes in the left hand column. 

If the $784 is not a deduction of half of your self-employment tax, please make sure to follow these steps in TurboTax to change your election:

1. Open your return.
2. Click Federal on the left hand side. 
3. Click Deductions and Credits on the top of the page.
4. On the page Tax Breaks, scroll down until you see Tax relief related to Covid-19.
5. Click Revisit next to Self-employment tax deferral. 
6. Answer no to the question Do you want more time to pay self-employment taxes?