Repaying Deferred Social Security Tax Reminder
Some taxpayers may have chosen to defer a portion of their self-employment tax that was due as part of their 2020 federal income tax return. The second half of any such deferred tax is due on December 31, 2022, while the first half was due last year on December 31, 2021. The repayment of the deferred self-employment tax must be made separately from other income tax payments and should not be inc...