topic Credit showing on IRS transcript. Can I claim on my 2022 return? in Deductions & credits

Credit showing on IRS transcript. Can I claim on my 2022 return?

mberthiaum0130 — Mon, 09 Mar 2026 05:53:35 GMT

I have a credit from overpayment of taxes last year and it shows on my IRS transcript:

--- ANY MINUS SIGN SHOWN BELOW SIGNIFIES A CREDIT AMOUNT ---
ACCOUNT BALANCE: -1,074.78
ACCRUED INTEREST: 0.00 AS OF: Apr. 26, 2021
ACCRUED PENALTY: 0.00 AS OF: Apr. 26, 2021
ACCOUNT BALANCE
PLUS ACCRUALS
(this is not a
payoff amount): -1,074.78

Can I simply claim this amount as Other Income Tax Paid ? Trying to figure out the easiest way to get this refunded to me.

Re: Credit showing on IRS transcript. Can I claim on my 2022 return?

VolvoGirl — Thu, 17 Feb 2022 05:01:25 GMT

No. Each year is separate. You need to ask the IRS. Maybe it's a tax due not a refund. If it was a refund the IRS would have sent it to you. Or did you send in any estimated payments?

What did your last tax return say for refund or tax due? Did you apply a refund to the next year as an estimated payment?

Re: Credit showing on IRS transcript. Can I claim on my 2022 return?

mberthiaum0130 — Thu, 17 Feb 2022 05:13:48 GMT

Thanks for the quick reply. I know it is a credit because it is actually a refund of a penalty we had paid that the IRS ended up removing. I assumed it would be sent back, but it’s shown as a credit since last April. Just trying to figure out how to get them to actually send the payment without spending hours on the phone waiting to speak with someone.

Re: Credit showing on IRS transcript. Can I claim on my 2022 return?

ErnieS0 — Sun, 20 Feb 2022 01:35:06 GMT

You will have to call the IRS at 1-800-829-1040. The money is probably credited to 2020 so you would not get credit on your 2021 return.

You can call the IRS and ask them to move it, in which case it could be credited to 2021 and you can get it back as part of your 2021 refund. But it's probably just easier to ask them to send the refund.

It's also possible they will do this automatically. Sometimes it takes a long time. You did not say how long its been since the IRS removed the penalty.

My 2019 tax return

Jymani_2 — Thu, 24 Mar 2022 16:21:30 GMT

I filed an amended tax return for 2019 but haven’t received any notices since I sent all the information the IRS requested. Also I haven’t received my taxes for 2019 but on my transcript for 2019 I can see a credit that I’m supposed to be be receiving. Who can I talk to? I’ve tried calling so many numbers but no luck.

Re: My 2019 tax return

DianeW777 — Thu, 24 Mar 2022 16:53:22 GMT

You can try the following two options. The IRS has such a backlog which creates a difficult process for everyone. However they are the agency where you need to get your answers.

Taxpayer Advocate Service (TAS). They are in place to assist in situations where you are unable to obtain resolution on your own.
1. You can click here to begin: TAS Qualifier Tool. or
2. Submit a request for assistance - Form 911 Request for TAS Assistance (instructions are included)
3. Locate the local TAS Office for your area

This will get the process started for you. It's not going to be a fast process because they are handling a large volume at this time. If you do not hear from TAS within one week of submitting Form 911, contact the Taxpayer Advocate office where you originally submitted your request. Incomplete information or requests submitted to a Taxpayer Advocate office outside of your geographical location may result in delays.

You can contact your local IRS office to make an appointment. Local IRS offices

Re: Credit showing on IRS transcript. Can I claim on my 2022 return?

alokus — Tue, 29 Mar 2022 22:42:41 GMT

I have exactly the same issue as reported by mberthiaum0130 and for the same year. The IRS 1800 number is not of any help since it is just impossible to get the call through to an IRS call agent. So I am repeating the same question that how can we claim the credit on ACCOUNT BALANCE PLUS ACCRUALS from year 2021 (for form 1040 of 2020) in turbo tax return filing for this year (form 1040 of 2021)?

Or if the above is not possible then can we file another 1040X ammended return for year 2020 to claim the credit which has unfortunately not been refunded by IRS till date??

Or is there any other way out???

Please help.

Re: Credit showing on IRS transcript. Can I claim on my 2022 return?

JulieS — Tue, 29 Mar 2022 23:03:08 GMT

No, you can not claim a credit for refunds from a different year that the IRS has not paid yet, on your TurboTax return.

I would not recommend filing an additional amended tax return either.

As @DianeW777 suggests contacting the Taxpayer Advocate Service may help.

Click here for more information.

Re: Credit showing on IRS transcript. Can I claim on my 2022 return?

jjdeely80 — Thu, 14 Jul 2022 18:20:05 GMT

My Transcript 2020 shows a negative balance which I understand is a credit. I would like to transfer this credit into my tax year 2022. How do I do this?

Re: Credit showing on IRS transcript. Can I claim on my 2022 return?

NCperson — Thu, 14 Jul 2022 18:37:14 GMT

@jjdeely80 - before too long, the IRS will either use the money to pay off anything outstanding for 2021 tax year or send you a check.

Personally with all the backlogs and headaches required to contact the IRS, hope they just send you the money and be done with it.

If you want to then turn around and make an estimated payment for the same amount to be applied to your 2022 tax year, that might be a better way to go so that you minimize interaction with the IRS - where things can go very wrong.

Has your 2021 tax return been processed yet?

Re: Credit showing on IRS transcript. Can I claim on my 2022 return?

t2t2t — Mon, 31 Oct 2022 21:37:23 GMT

Did you receive your prior year credit from the IRS?

I am still waiting for 2020 refund. I filed 2020 return electronically using turbo tax in June 2021 requesting refund. Return has been processed and correct refund amount shows as a credit on my IRS account, but the refund has not been issued. In October 2022 I filed my 2021 tax return, and that return has been processed, but credit balance from previous year was not applied. Why has the IRS not issued my refund from prior year?

Re: Credit showing on IRS transcript. Can I claim on my 2022 return?

fanfare — Wed, 02 Nov 2022 00:46:56 GMT

"Why has the IRS not issued my refund from prior year? "

You have to contact IRS to find out what is going on.

file the form to trace a damaged or lost refund check.

@t2t2t

Re: Credit showing on IRS transcript. Can I claim on my 2022 return?

jjdeely80 — Thu, 03 Nov 2022 17:40:48 GMT

Can you send an address or telephone number for me to contact IRS about this problem. Also can you send the form necessary to submit for a lost or damaged return

Re: Credit showing on IRS transcript. Can I claim on my 2022 return?

jjdeely80 — Thu, 03 Nov 2022 17:42:38 GMT

an you send me the form to file to trace a damaged or lost refund check.

Re: Credit showing on IRS transcript. Can I claim on my 2022 return?

DoninGA — Thu, 03 Nov 2022 18:24:08 GMT

@jjdeely80 wrote:

an you send me the form to file to trace a damaged or lost refund check.

Go to this IRS website for a lost tax refund check - https://www.irs.gov/faqs/irs-procedures/refund-inquiries/refund-inquiries-0

Re: Credit showing on IRS transcript. Can I claim on my 2022 return?

Jonclk1988 — Sun, 08 Jan 2023 00:38:42 GMT

How do I avoid the IRS like you explained and add it as a payment to be put with my 2022 taxes is it difficult to do and what exactly do I need to do I did just file but it wasn't processed yet I just submit it today so please let me know someone on this please

Re: Credit showing on IRS transcript. Can I claim on my 2022 return?

xmasbaby0 — Sun, 08 Jan 2023 01:09:05 GMT

@Jonclk1988 You are adding to a thread full of posts from multiple users. It is impossible to understand what you are asking about. We cannot tell what payment you are talking about or why you want to "avoid the IRS." Please explain clearly what you are trying to do---from the beginning.

Re: Credit showing on IRS transcript. Can I claim on my 2022 return?

fanfare — Sun, 08 Jan 2023 01:28:59 GMT

"is it difficult to do "

This is not an available strategy for recovering your prior year refund.

Re: Credit showing on IRS transcript. Can I claim on my 2022 return?

padswami — Fri, 13 Jan 2023 21:53:10 GMT

I have a credit in my 2020 account , I filed in June 2021 and asked for a refund

while my state refund came federal did not come as of now

till 2021 Dec it was showing saying being processed in where is my refund tool

from jan 2022 it is not showing but giving error

i pulled account and filing transcript and it is showing credit balance for the refund amount

i tried calling them but it goes in automated loop

can i send them the form to check if they sent the refund and possibly lost in transit?

How fast they respond to such mails?

TAS i will try as lost resort if i am eligible to apply

Re: Credit showing on IRS transcript. Can I claim on my 2022 return?

DaraLO — Sun, 15 Jan 2023 19:43:58 GMT

The Taxpayer Advocate Service can provide assistance with tax issues you can’t solve on your own. This may be a good time to take advantage of the service. Here is the website: https://www.taxpayeradvocate.irs.gov/

@padswami