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New Member
posted Apr 9, 2024 9:55:43 AM

Not a tax question, a turbo tax question, how to apply part of federal overpayment

on your form how do i indicate only application of part of my overpayment

0 1 1892
1 Replies
Expert Alumni
Apr 9, 2024 11:04:16 AM

You can apply some or all of your2023 tax refund to next year's taxes. When you come back to file your taxes in 2025, the amount you applied will show up as a credit.

 

Tip: If you pay quarterly estimated taxes, apply a portion of your refund to next year's first-quarter estimated tax payment, which is due April 18. This can help prevent underpayment penalties on next year's return.

 

Select your product and follow the instructions.

 

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