Why is TurboTax saying we owe social security tax? Our payroll company made sure that we paid all our taxes for 2020, so I am confused as to why TurboTax is saying we owe more taxes. Also, what is the deferral of social security taxes on 8d, why is there an entry in that column, and also am I getting the chance to defer it and have 50% due on 12/31/2021 & 50% due on 12/31/2022?
Under Other Tax Situations(Shouldn't this be called Schedule H in TurboTax) > Nanny and Household Employee Tax > It doesn't provide anywhere to enter in anything but:
- Wages subject to social security tax (1a)
- Qualified sick an family wages included on line 1a (1b)
- Wages subject to Medicare tax (3)
- Federal Income tax withheld (7)
It doesn't ask for any other fields like how much social security tax we paid (2a, 2c). How can TurboTax say that I owe $ for social security if it doesn't allow me to enter it in? Which leads to am I missing any additional documents? I have entered in 1040-ES (Estimated Tax Payments 1-4) & Schedule H forms.
