1040-ES 4th quarter overpayment

[mtnester]

Two months ago (January 2023) I mailed my estimated quarterly tax payment to the IRS.  I discovered later that I had pulled out an old voucher and sent the amount on that, which is $55 more than I owed.

Is there a place on the Turbo Tax software (I use the CD downloaded to my laptop) to recoup that overpayment?  If so, please tell me.  If there is not, then how do I recoup this amount from the IRS?  It's only $55, but I'd like to have that to stick into my money market account.

Thanks in advance.

[MonikaK1]

Assuming that the payment you made in January 2023 in a larger amount than you had planned was your 4th quarterly estimated payment for tax year 2022, you will need to report the actual amount paid on your 2022 return.

If you have overpaid estimated taxes for the year, then you will show a refund on your 2022 return. This is the way you will recover the funds from the IRS.

Please see this tax tips article for more information about estimated taxes.

[mtnester]

Thank you.  Now I just have to sure that overpayment is accounted for on my return.  

[TomD8]

You must enter your estimated tax payments manually into TurboTax.  They are not automatically included on your return.  Enter them in the Estimates and Other Taxes Paid section.

[mtnester]

That's what I did - enter them manually.  I need to see where the overpayment shows up as a credit.

[TomD8]

Your estimated tax payments appear of Line 26 of your 2022 federal 1040.  Your total estimated payments (including the "overpayment") will be credited against your taxes due.

[fanfare]

"I had pulled out an old voucher "

maybe your payment was applied to the period specified on the voucher and you don't have a 4th quarter payment.

you have to look at your account record with IRS, or call IRS.

@mtnester