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Get your taxes done using TurboTax
On your return go to :
- Deductions and Credits
- Tax Relief Related to COVID
- Self-employment tax deferral
- When it asks how much you want to defer, you have to do the math and put in the amount to defer.
You are correct that the IRS will allow you to defer 50% of the self-employment tax due this year.
March 9, 2021
5:03 PM