No. Schedule 3 line 12e is deferral of Self-Employment taxes.
The Coronavirus, Aid, Relief and Economic Security Act (CARES Act) allows employers to defer the deposit and payment of the employer's share of Social Security taxes and self-employed individuals to defer payment of certain self-employment taxes.
Self-employed individuals may defer the payment of 50% of the Social Security tax on net earnings from self-employment income for the period beginning on March 27, 2020 and ending December 31, 2020.
Learn more at Deferral of employment tax deposits and payments through December 31, 2020
To access that section:
- Click on Federal on the left column
- Click on Deductions & Credits at the top
- Look for Self-employment tax deferral then Edit/Add
- Answer Yes or No to Do you want more time to pay your self-employment tax?
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