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After you file
You can reverse/cancel your election to defer your self-employment taxes.
Please follow these steps in TurboTax to change your election:
- Open your return.
- Click Federal on the left hand side.
- Click Deductions and Credits on the top of the page.
- On the page Tax Breaks, scroll down until you see Tax relief related to Covid-19.
- Click Revisit next to Self-employment tax deferral.
- Answer no to the question Do you want more time to pay self-employment taxes?
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‎January 31, 2021
4:43 PM