Isn't this just deferring the benefit of paying less self employment tax? Also, I am capped out on the social security portion through my employer W2 income whether I defer or not and it would just apply to the medicare portion. However, deferral might make sense if Biden raises taxes. But then again the new administration might change the rules of the game on who can take this deduction based on my income so I run risk on that side if I defer these tax deductions to future years.
