The line 22, Part 3 (Maximum Deferral of Self-Employment Tax Payments) of Schedule SE was a portion of line 5a (church employee income) that can be attributed to 3/27/2020 through 12/31/2020. If you have amount on line 5a, Part 1 of Schedule SE, you need to enter it, if none, skip line 22.
The form Schedule-SE are used to calculate self-employment taxes. You can elect to defer the full amount by 12/31/2021 or pay half and pay the rest by 21/31/2022. You may follow the steps below to defer the self-employment taxes.
- Login to Turbo Tax.
- Jump to Business tab, then click Business taxes..
- Click Self-employment taxes, then continue.
- The screen "Some of your self-employment taxes may be eligible for deferral" click continue.
If you want to defer your self-employment taxes:
- Answer Yes on "Did you want more time to pay your self-employment taxes?".
- Next screen, enter the net self-employment income you earned from March 27, 2020 through December 31, 2020, or if you received steady self-employment income throughout the year, enter 76.5% of self-employment income.
- The next screen will show how much self-employment taxes you may defer, click continue.
- The next screen will say "okay, you're all set up", an itemized payment schedule will appear.You're deferring and $ amount of your self-employment social security tax.
- $ is due on or before 12/31/2021.
- $ is due on or before 12/31/2022.
