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Retirement tax questions
This will be in the Deductions & Credits, Tax Relief related to COVID-19-->Self-employment tax deferral (see below)
The Coronavirus, Aid, Relief and Economic Security Act (CARES Act) gives self-employed taxpayers the option to delay paying a portion of their Social Security taxes when they meet certain requirements. The option to defer only applies to Social Security taxes for self-employment income you earned from March 27, 2020 through December 31, 2020.
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March 8, 2021
11:25 AM