KathrynG3
Expert Alumni

Get your taxes done using TurboTax

It is normal to get 50% of the self-employment tax as a credit. This is not the same as the self-employment tax deferral.

 

If you are getting an error that is preventing you from filing, then you need to reset TurboTax and answer no when asked whether you want to defer any self-employment tax. 

 

To get past this screen so you can file your taxes, delete Sch SE-T, take a quick run through the self-employment to recalculate Sch SE-T, and then turn off the Max Deferral.

 

To do this in TurboTax, follow these steps:

First, delete Sch SE-T that applies by following these steps:

  1. From the left menu, select Tax Tools.
  2. Select Tools.
  3. Scroll to Delete a Form.
  4. Scroll to Sch SE-T, select Delete, confirm the deletion.

Next, to replace Sch SE-T, return to the self-employment income & expenses interview in the Income & Expenses section and select Edit/Add.

  1. Select Edit for your business.
  2. Scroll down to Done so that the Sch SE is recalculated. 
  3. Finish any other questions in the self-employment interview and click Continue

Lastly, revisit the section for the Self-employment tax deferral entry:

  1. Return to the Deductions & Credits section.
  2. Scroll to Tax relief related to COVID-19 and Show More.
  3. Select Self-employment tax deferral and select Revisit.
  4. Answer Yes at the next screen to get back to Let's start by getting your eligible income.
    1. If you do not want to defer any self-employment income, "Enter your eligible self-employment income" should be blank.
      1. Select Continue.
    2. At Tell us how much you'd like to defer, "Enter amount" should be blank.
      1. Select Continue.
  5. Scroll down and select Wrap up Tax Breaks and Continue.
  6. Run through the Federal Review again.