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Level 5
June 6, 2019
Question

Is there a downside to applying refund to next year’s taxes?

  • June 6, 2019
  • 2 replies
  • 18 views
No text available

2 replies

Alumni - Champ
June 6, 2019

Well, you lose the use of the money for the year.

ipc1Author
Level 5
June 6, 2019
Could there be an issue if the IRS determines that your refund is less than shown by the return?
Level 14
June 6, 2019

The only downside that people experience is that they do not get the refund to use during the tax year. If you do not rely on or need the refund this year, then applying it to next year's taxes will work. 

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ipc1Author
Level 5
June 6, 2019
Could there be an issue if the IRS determines that your refund is less than shown by the return?