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oN TAX RETURN 1040 LINE 34SHOWS OVER PAYMENT. AND LINE 35 SHOWS THE REFUND AMOUNT. BUT THE REFUND AMOUNT IS LESS THAN OVERPAYMENT BY 11 DOLLARS. ??

 
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3 Replies
LeticiaF1
Employee Tax Expert

oN TAX RETURN 1040 LINE 34SHOWS OVER PAYMENT. AND LINE 35 SHOWS THE REFUND AMOUNT. BUT THE REFUND AMOUNT IS LESS THAN OVERPAYMENT BY 11 DOLLARS. ??

There is an option that lets you apply some of your refund to next year.  This is the cause that your line 35 is less than what your line 34 shows on your return.  To review this:

 

  1. Go back to the Federal section in the left column menu
  2. Select Other Tax Situations
  3. Go to Apply Refund to Next Year
  4. There is a question that asks how much you want to apply for next year, make sure that it is blank.

If this does not resolve your issue, please contact us again.

 

How do I apply my refund to next year's (2026) taxes?

 

 

oN TAX RETURN 1040 LINE 34SHOWS OVER PAYMENT. AND LINE 35 SHOWS THE REFUND AMOUNT. BUT THE REFUND AMOUNT IS LESS THAN OVERPAYMENT BY 11 DOLLARS. ??

@vipinramin   You probably have a penalty on line 38.     You can even have a penalty if you are getting a refund.

 

If you get a penalty on 1040 line 38, you might be able to eliminate it or at least reduce it. You can go to Federal Taxes tab or Personal tab, under Other Tax Situations and select Start by the Underpayment Penalties. You will answer a series of questions that may reduce or eliminate the penalty. Or you can elect to have the IRS figure the penalty for you. It's form 2210.


How to add form 2210 for Underpayment Penalty
https://ttlc.intuit.com/community/tax-payments/help/how-do-i-add-form-2210/00/25703

 

It's under

Federal tab or Personal (for Home & Business Desktop)

Other Tax Situations

Additional Tax Payments

Underpayment Penalties - Click the Start or update button

 

 

oN TAX RETURN 1040 LINE 34SHOWS OVER PAYMENT. AND LINE 35 SHOWS THE REFUND AMOUNT. BUT THE REFUND AMOUNT IS LESS THAN OVERPAYMENT BY 11 DOLLARS. ??

look on line 38 to see if you have an $11 underpayment of estimated tax penalty. 

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