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Submitted too high estimated tax payment
Hello,
I submitted my return but afterwards realized that the "estimated tax payment" in it is too high.
The reason is that Turbo tax automatically added the tax "amount applied from 2021 return", e.g. the amount which I decided not to get refunded last year, and I entered this amount as a "2022 estimated tax payment" as I was not aware turbo tax adds it automatically.
What is the best way to rectify this? Should I amend my return through turbotax with an exlanantion and sent money to the IRS? My return already got accepted and it says that I will get a refund in the next days.
Topics:
‎July 28, 2023
10:57 AM