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Level 1
June 4, 2019
Question

Nj 1040 overpayment? im not sure what that is and it happens every year

  • June 4, 2019
  • 1 reply
  • 1 view
it is asking me if I want to apply it to next years returns as it does every year

1 reply

Level 8
June 4, 2019

An overpayment is your refund amount. It means that you overpaid your taxes and get money back.

On the question that asks if you want to apply your overpayment to your next years taxes, you want to say that you do not want to apply the refund so that you will receive your full tax refund this year.