140725
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes - One Big Beautiful Bill on Aug 6! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

ssluka14
New Member

When my account says deduction does that mean I owe or I will be receiving?

What does overpayment on my 2017 tax refund mean?
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
NigelG
New Member

When my account says deduction does that mean I owe or I will be receiving?

An overpayment is your refund, it means that you overpaid your taxes and get money back.  If you see a question that asks if you want to apply your overpayment to your next years (2017) taxes, you want to say that you do not want to apply the refund so that you will receive your full refund this year.


View solution in original post

1 Reply
NigelG
New Member

When my account says deduction does that mean I owe or I will be receiving?

An overpayment is your refund, it means that you overpaid your taxes and get money back.  If you see a question that asks if you want to apply your overpayment to your next years (2017) taxes, you want to say that you do not want to apply the refund so that you will receive your full refund this year.


Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question