2022 overpayment applied to 2023

[ksibille]

If I apply my 2022 overpayment to my 2023 taxes, does Turbotax take that amount into account when it calculates my quarterly estimates for 2023?

[bluedeb · Accepted solution]

Yes,  If you do choose to apply your refund to next year's taxes, the refund amount will apply to the first estimated payment until all of the refund has been used.

[TomK2023]

Yes, overpayment refunds applied to the next year are incorporated in the estimated quarterly payment for 2023.

1. Open your return.
2. Enter apply federal refund to next year in the Search box.
3. Click on Jump to apply federal refund to next year.
4. Proceed through interview screens.

The amount applied to next years taxes will be shown on Form 1040 Line 36.

[cjwmin]

i do not see a jump to link

[DoninGA]

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@cjwmin wrote:

i do not see a jump to link

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To add, change or delete a current year federal tax refund to next year's taxes before you file your tax return -

• Click on Federal Taxes (Personal using Home and Business)
• Click on Other Tax Situations
• Under Additional Tax Payments
• On Apply Refund to Next Year, click on the start or update button

Or type in apply federal refund to next year in the Search box located in the upper right of the program screen and press Enter. Click on Jump to apply federal refund to next year

The amount applied to next years taxes will be shown on Form 1040 Line 36

[HopeS]

To apply your refund to next tax year, please follow these steps:

1. Open your return.
2. Under Federal Taxes, tap Other Tax Situations.
3. Tap Additional Tax Payments
4. Click on apply Refund to Next Year.

See the screenshot below:

@cjwmin