Max deferral Line 18 is referring to Schedule SE. The answer is specific to you and will be the money made from March 27-December 31 in your business.
It is acceptable to leave this field blank or enter a 0 if you do not want to defer any self-employment tax. Then, run the review again to initially try to clear the error.
This issue is happening because you were initially eligible to defer self-employment tax due to a tax balance due, but are no longer eligible due to being eligible for a refund.
For TurboTax Online:
If the error will not resolve, try:
- Delete the Sch SE that applies--(Sch SE-T is for Taxpayer, Sch SE-S for Spouse)--by following these steps:
- From the left menu, select Tax Tools.
- Select Tools.
- Scroll to Delete a Form.
- Scroll to Sch SE-T and/or Sch SE-S and select Delete.
- Return to the self-employment income & expenses interview in the Income & Expenses section and select Edit/Add.
- Select Edit for your business.
- Scroll down to Done so that the Sch SE is recalculated.
- Finish any other questions in the self-employment interview and click Continue.
- Review the return again.
If this does not clear the error, then click this link for more information:
Workaround for Sch SE-T error for deferring Self-Employment Taxes.
For TurboTax CD/Download, click this article for the steps to resolve Max Deferral Line 18 error.
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