Can I credit my 2020 refund to my 2021 taxes?
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lflcwb
New Member

Can I credit my 2020 refund to my 2021 taxes?

Credit refund to next year's tax.
2 Replies
Mike9241
Level 6

Can I credit my 2020 refund to my 2021 taxes?

yes you can. it's in the estimated tax section

mesquitebean
Level 15

Can I credit my 2020 refund to my 2021 taxes?

A 2020 Federal overpayment that you wish to apply to 2021 Federal taxes is entered in the section "Other Tax Situations."   Here are a couple of shortcut methods to get there, and I'll also post the regular navigation at the end, too.

 

  • With your return open, click the Search tab at the top.
  • Enter this phrase exactly without quotes:  apply Federal refund to next year and then click the adjacent magnifying glass.  Note: while entering, ignore any dropdown menu suggestions.
  • Then click the link Jump to apply Federal refund to next year.

 

Or if you have trouble with that, here's another shortcut method to get there that doesn't use a "Jump to" link:

 

  • With your return open, go the left menu column and click on TAX TOOLS, then TOOLS.
  • In the Tools window, choose TOPIC SEARCH.
  • In the search line enter apply Federal without quotes.
  • In the results list select apply Federal refund to next year and click GO.

 

Or here's the regular navigation method:

  • Go to the left column and click on the Federal tab.
  • Then at the top click on subtab Other Tax Situations.
  • If presented, go through screens of the "uncommon tax situations" interview.
  • You'll eventually get to a screen that says "All uncommon situations."
  • Scroll down to topic "Additional Tax Payments" and click Show More to expand.
  • That topic will expand, and you will see a subtopic "Apply Refund to Next Year."

 

I believe any 2020 state overpayment (if applicable) that you wish to apply to next year's state taxes will be in your state interview.

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