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ctree63
Level 1
January 17, 2020
Question

What does it mean when it says apply overpayment to 2020?

  • January 17, 2020
  • 1 reply
  • 4 views
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1 reply

DMarkM1
DMarkM1
Level 15
January 17, 2020

"Overpayment" is another way of saying refund.  The question is asking if you want your refund to go toward paying your taxes for tax year 2020.

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    VolvoGirl
    VolvoGirl
    Level 15
    January 17, 2020

    An overpayment is your refund. You can have them keep all or part of your refund as an estimated payment towards next year's tax return. But most people want to get their refund now. So to get your refund now do not say to apply it to next year.

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