There is no place to specify 2023 overpayment is to be applied to 2024 taxes. The explanations provided on this board does NOT work for Turbotax Premium!
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To enter, change or delete a refund from the prior year applied to this years taxes (Federal, State, Local) -
Click on Federal Taxes (Personal using Home and Business)
Click on Deductions and Credits
Click on I'll choose what I work on (if shown)
Scroll down to Estimates and Other Taxes Paid
On Income Taxes Paid, click on the start or update button
On the next screen select the options under 2023 Refund Applied to 2024
Or enter refund applied to this year in the Search box located in the upper right of the program screen. Click on Jump to refund applied to this year
The prior year federal tax refund amount applied is shown on Form 1040 Line 26
Here is how you can include your 2023 overpayment to 2024 in TurboTax Online, with a screenshot from Premium:
This doesn’t work?
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
there is another place where you can enter the 2023 overpayment applied to 2024. there is a carryover worksheet where a federal overpayment applied to 2024 can be entered,
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