TurboTax provided me with some option to defer part of my taxes owed until around December but is providing me with no clear way to access this information again after paying to have my taxes filed. Where do I go to find this information again?
I don't even remember what it was specifically referred to as and there's absolutely no help anywhere to find this information. I just want to know what taxes I owe, that's what I pay this service for. Help?
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Can you provide more details (be more specific)? Which type of taxes and which product are you using?
The self employment tax deferral is an optional benefit. It is also a deferral rather than forgiveness, so those amounts will eventually need to be repaid. Half of the deferred amount is due on December 31, 2021, and the other half is due on December 31, 2022.
Check if you have a Schedule 3 line 12e which goes to 1040 line 13.
I'm looking for my posts where I give more info and how to pay it.
See 1040 instuctions page 104 for schedule 3 line 12e SE tax deferral
https://www.irs.gov/pub/irs-pdf/i1040gi.pdf
Individuals can pay the deferred amount any time on or before the due date. They:
Individuals making deferred Social Security tax payments in EFTPS should select 1040 US Individual Income Tax Returns and deferred Social Security tax for the type of payment. They must apply the payment to the 2020 tax year where they deferred the payment.
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