I am applying my 2022 NY State tax overpayment to 2023 taxes. I am offered these options:
Apply consecutively to all quarters; Apply to first quarter only; Apply evenly to state estimated amounts only. The first and third option result in the same refund to me. The second option results in a much larger refund.
I am not sure how these options are defined and differ. Which option is safest in regards to avoiding underpayment of 2023 state taxes? Many thanks.