2779016
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

How do I apply my IL 2021 overpayment to 2022?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

How do I apply my IL 2021 overpayment to 2022?

How do I apply my refund to next year's (2022) taxes?

 

You can apply some or all of your 2021 tax refund to next year's taxes. When you come back to file your taxes in 2023, the amount you applied will show up as a credit.

 

Tip: If you pay quarterly estimated taxes, apply a portion of your refund to next year's first-quarter estimated tax payment, which is due April 18. This can help prevent underpayment penalties on next year's return.

 
How can I apply my state refund to next year?
  1. Log in to your account.
  2. Select State Taxes.
  3. Revisit IL return, continue until you get to the screen Additional Tax Situation.
  4. Scroll down to Prepare Estimated Tax vouchers FOR 2022 
  5. On the next screen answer Yes to apply your refund to next year.

View solution in original post

1 Reply

How do I apply my IL 2021 overpayment to 2022?

How do I apply my refund to next year's (2022) taxes?

 

You can apply some or all of your 2021 tax refund to next year's taxes. When you come back to file your taxes in 2023, the amount you applied will show up as a credit.

 

Tip: If you pay quarterly estimated taxes, apply a portion of your refund to next year's first-quarter estimated tax payment, which is due April 18. This can help prevent underpayment penalties on next year's return.

 
How can I apply my state refund to next year?
  1. Log in to your account.
  2. Select State Taxes.
  3. Revisit IL return, continue until you get to the screen Additional Tax Situation.
  4. Scroll down to Prepare Estimated Tax vouchers FOR 2022 
  5. On the next screen answer Yes to apply your refund to next year.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question