@d-taylor
I agree, if you can afford to make the payment now, make the payment now. We never know what the future might bring.
The self-employment tax deferral is an optional benefit. It is not forgiveness, so those amounts will eventually need to be repaid. Half of the deferred amount is due on December 31, 2021, and the other half is due on December 31, 2022.
If you have employees, you can defer the 6.2% employer portion of Social Security tax for March 27, 2020 through December 31, 2020. Self-employed taxpayers can also postpone the payment of 50% of the Social Security portion of their self-employment tax for the same period.
See also this TurboTax Help.
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