How individuals can repay the deferred taxes
Individuals can pay the deferred amount any time on or before the due date. They:
- Can make payments through the Electronic Federal Tax Payment System or by credit or debit card, money order or with a check.
- Should be separate payments from other tax payments to ensure they are applied to the deferred tax balance on the tax year 2020 Form 1040 since IRS systems won't recognize the payment for deferred tax if it is with other tax payments or paid with the current Form 1040.
- Should designate the payment as "deferred Social Security tax."
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