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Level 1
April 16, 2023
Question

If I'm paying my owed taxes with partial of my refund,will I be penalized do to the fact my refund is past the dead line?

  • April 16, 2023
  • 2 replies
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2 replies

DoninGA
Level 15
Level 15
April 16, 2023

There are no penalties for filing after the due date if you are receiving a tax refund.  You can apply all or part of your 2022 refund to the 2023 taxes when you file your tax return.  A 2022 tax return can be e-filed at any time on or before October 16,2023 using TurboTax.

 

To add, change or delete a current year federal tax refund to next year's taxes before you file your tax return -

Click on Federal Taxes (Personal using Home and Business)
Click on Other Tax Situations
Under Additional Tax Payments
On Apply Refund to Next Year, click on the start or update button


Or enter apply federal refund to next year in the Search box located in the upper right of the program screen. Click on Jump to apply federal refund to next year


The amount applied to next years taxes will be shown on Form 1040 Line 36

DoninGA
Level 15
Level 15
April 16, 2023

If you are referring to taxes owed for a prior tax year the IRS will seize your refund and apply the refund to the taxes owed.  If there is any remaining refund the IRS will deposit the refund to your direct deposit account or mail you a refund check to the address on your tax return.