Will I get a refund if I pay excess tax?

[sidz82]

I have filed extension request with IRS. I am planning on making a payment of the tax I owe to IRS by May 17. However, I am not exactly sure yet on how much I owe. I want to err on paying more tax than I owe rather than falling short and incur penalty or late fee.  In the event I pay excess tax than I owe, will IRS refund me the money when I file my returns in October? Also, if I pay using credit card, will they chargeback to card or issue a refund to my checking account as they typically do.

[ToddL99 · Accepted solution]

Yes, if you pay the IRS more than what your final tax liability turns out to be, they will refund the difference. This is common when you make a too-large payment with your extension.

Any refund you get will be by paper check or direct debit to your bank, whichever method you choose when filing your return - they will not put it back on your credit card.

[sidz82]

Thanks. Appreciate the response.