topic How do I handle an overpayment from 2019 tax return to 2020? in After you file

How do I handle an overpayment from 2019 tax return to 2020?

andrewill_1 — Thu, 24 Dec 2020 18:45:55 GMT

Re: How do I handle an overpayment from 2019 tax return to 2020?

VolvoGirl — Thu, 24 Dec 2020 18:55:43 GMT

Did you apply part or all of your 2019 refund to 2020?

If it didn't transfer over from last year then enter a refund from last year that you applied to this year here. BUT first make sure it's not already there. You don't want to apply it twice.

Federal on left

Deductions and Credits at top

Then scroll way down to Estimates and Other Taxes Paid

Other Income Taxes - Click the Start or Revisit

Next page scroll down to 2019 Refund Applied to 2020

Click Start or Update by the tax you applied

Re: How do I handle an overpayment from 2019 tax return to 2020?

DoninGA — Thu, 24 Dec 2020 18:56:43 GMT

If you had an overpayment of federal taxes on your 2019 tax return, those taxes would have been refunded to you with the 2019 tax return.

Federal tax refunds are not entered on a federal tax return.

State tax refunds are entered as income on a federal tax return.

Re: How do I handle an overpayment from 2019 tax return to 2020?

andrewill_1 — Thu, 24 Dec 2020 19:10:46 GMT

Yeah, that's exactly what happened it didn't. The instructions your gave on how to correct it is unclear, it don't know where to access those options.

Re: How do I handle an overpayment from 2019 tax return to 2020?

DoninGA — Thu, 24 Dec 2020 19:15:15 GMT

@andrewill_1 wrote:

Yeah, that's exactly what happened it didn't. The instructions your gave on how to correct it is unclear, it don't know where to access those options.

To enter, change or delete a refund from the prior year applied to this years taxes (Federal, State, Local) -

Click on Federal Taxes (Personal using Home and Business)
Click on Deductions and Credits
Click on I'll choose what I work on (if shown)
Scroll down to Estimates and Other Taxes Paid
On Other Income Taxes, click on the start or update button

On the next screen select the options under 2019 Refund Applied to 2020

Or enter refund applied to this year in the Search box located in the upper right of the program screen. Click on Jump to refund applied to this year

Re: How do I handle an overpayment from 2019 tax return to 2020?

andrewill_1 — Thu, 24 Dec 2020 19:30:05 GMT

Ok I got it now. Thank you a lot. Have a Merry Christmas ladies and gents.