Part 3 of Schedule SE calculates my max deferral of self-employment taxes as $5,130 (line 26).
However, I paid most of this already through 2020 Estimated Payments and only qualify to defer about $800 (not sure if I will or not).
Regardless of whether I take the deferral or not, TurboTax is giving me some pretty low 1040 ES vouchers. Following the data sources, it looks like the Estimated Tax Payment Options Form is ultimately referencing Line 2 on Form 2210. That line is calculated as my Self-Employment tax MINUS my maximum Self-Employment Tax Deferral ($5,130).
Assuming my income is steady next year, wouldn't this ultimately have me underpay my 2021 taxes by the $5,130?
