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duke1
New Member

Tax prepayments we have already made. they are more than my current tax bill

can i apply my prepayments to this years tax bill
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1 Reply
IreneS
Intuit Alumni

Tax prepayments we have already made. they are more than my current tax bill

Yes - If you are referring to quarterly payments of estimated taxes.

To report the quarterly tax payments you made, please follow these steps:

  1. Click on Federal TaxesDeductions & Credits.  [In TT Self-Employed:  Personal > Deductions & Credits]
  2. In the Estimates and Other Taxes Paid section, click on the Start/Update box next to Estimates. [See Screenshot #1, below.]
  3. On the next screen, select the category for the tax payment (Federal, State, Local).  [Screenshot #2]
  4. You can enter the payments you made on the next screen.


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