Hi, I just found out that I can claim $500 for Energy Incentives as I replaced windows in 2021.
After I amended my 2021 tax with $500 refund in TurboTax, I have to mail it.
Now my question is that can I instruct in 2021 tax amendment to apply this $500 refund to 2022 tax year and mail it, then claim that $500 credit in my 2022 tax return, which will be due in April?
What I want to avoid is to mail the 2021 tax amendment and not sure when it will be processed, while I know that my 2022 tax will be due over $500.
Thanks
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You should amend your return to claim the energy credit by filing Form 1040X. However, there is no guarantee that the IRS will process your amended return and apply the overpayment to your 2022 Tax Liability by April 15th.
Your amended return will take up to 3 weeks after you mailed it to show up on our system. Processing it can take up to 16 weeks.
OK, Then I will amend and mail it, and wait for a check eventually.
Thanks for the help.
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