ProConnect HelpIntuit HelpIntuit

Common questions on Schedule SE Self-Employment tax in Lacerte

SOLVEDby Intuit90Updated 1 year ago

From page 1 of the 2022 Schedule SE instructions: "Self-employed tax payments deferred in 2020. Previous legislation allowed for self-employed individuals to defer the payment of certain social security taxes from 2020 over the next 2 years. See for more information about payment options."

Part III was added to Schedule SE to allow self-employed persons to figure a maximum amount of self-employment tax payments which may be deferred. All maximum deferral amounts will be carried to Schedule 3 (Form 1040), and the total amount that you may elect to defer may be further reduced.

To make the deferral election in Lacerte 2020:

  1. Open the tax return.
  2. Open Screen 45.1 Self-Employment Tax (Schedule SE).
  3. Check the box for Elect to defer maximum allowed amount of Schedule SE or H taxes to 12/31/21 or 12/31/22.
  4. The Schedule SE Part III will still calculate and the deferral amount will transfer to the Schedule 3 line 12e.

Related topics


Was this helpful?

You must sign in to vote, reply, or post
Lacerte Tax

Sign in for the best experience

Ask questions, get answers, and join our large community of Intuit Accountants users.

More like this

Dynamic AdsDynamic Ads