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The message sent after finishing said "All that's left to do now is mail your payment.." Why didn't it say I'd deferred my self-employment tax, and include a voucher?
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The message sent after finishing said "All that's left to do now is mail your payment.." Why didn't it say I'd deferred my self-employment tax, and include a voucher?
Those features are not included in TurboTax. Would be a nice addition to the program.
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The message sent after finishing said "All that's left to do now is mail your payment.." Why didn't it say I'd deferred my self-employment tax, and include a voucher?
There is no voucher for paying the deferred self-employment tax. Go to the following link on the IRS web site for instructions to pay the deferred tax.
How self-employed individuals and household employers repay deferred Social Security tax
The option to defer part of the self-employment tax is new for 2020. The IRS was late issuing the final forms and instructions, so all the tax software companies had to implement it in a rush. They didn't have time to plan it out thoroughly. So it has some rough edges. And it's only for 2020, so it's not worth any effort to improve how the software handles it.
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The message sent after finishing said "All that's left to do now is mail your payment.." Why didn't it say I'd deferred my self-employment tax, and include a voucher?
Although the program told you about the need to make payments the IRS just recently made the method to do so available and thus they mailed you this information ... did you not get your letter ?
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