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rnewman9
New Member

where do I enter prior year overpayments applied to 2024 taxes

turbotax does not show where to enter prior year overpayments
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4 Replies

where do I enter prior year overpayments applied to 2024 taxes

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.

 

To enter last year's refund you applied to this year.

Federal (Personal for Home & Business)

Deductions and Credits

Then scroll way down to Estimates and Other Taxes Paid

Other Income Taxes - Click the Start or Revisit

 

Next page scroll down to 2023 Refund Applied to 2024

Click Start or Update by the tax you applied

 

Then for state, you need to click on the state tab and go through state again for it to update.

DawnC
Employee Tax Expert

where do I enter prior year overpayments applied to 2024 taxes

If you applied your 2023 refund to your 2024 tax return, you can confirm or enter the amount in the Estimates - Other Taxes Paid screen.  

 

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Lillib
New Member

where do I enter prior year overpayments applied to 2024 taxes

Tried to do this a few times - it shows the overpayment amount from 2023 applied to 2024, but it doesn't work.  Stills says I owe, even though the overpayment is 2x more than what I owe.

KrisD15
Expert Alumni

where do I enter prior year overpayments applied to 2024 taxes

Do you owe in addition to the overpayment from 2023? 

 

Please look at your Form 1040 line 26. This shows if the overpayment was reported on your tax return. 

Look at Line 24, this is the tax you owe before subtracting the payments (included the overpayment from 2023) are applied. 

 

Is it that the tax on line 24 is larger than all the tax that was withheld and paid including the 2023 overpayment? 

 

HERE is how to look at your 1040 using Online

Desktop users simply switch to FORMS 

 

 

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