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Applied refunds to my 2025 estimated taxes.

I used Turbo Tax for my Federal and State income tax returns in 2024, and I applied refunds to my 2025 estimated taxes. Will Turbo Tax automatically use those numbers from last year when calculating my estimated payments?

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2 Replies

Applied refunds to my 2025 estimated taxes.

Possibly, but you need to check. .  We don't know if you are using Online TurboTax or desktop TurboTax.   So I'll start with online TurboTax.

 

 If you are using Online TurboTax, the figures should transfer in IF you are in the same account as last year.   But regardless you should check anyway.

 

  • In the left menu column click on TAX TOOLS, then TOOLS.
  • In the Tools window choose the blue button TOPIC SEARCH.
  • In the search line enter applied overpayment without quotes.
  • Make the selection in the list (may already be highlighted), end either double-click on it or click GO.
  • Next screen is Estimates and Other Income Taxes Paid.
  • Scroll down to 2024 refund applied to 2025 and choose Federal, state, or local for the type..

 

Before filing make sure a Federal applied overpayment is included in the amount shown on your Federal Form 1040, Line 26 along with any estimated tax payments.   If you entered an applied state overpayment, make sure it shows up on the state return.

 

If you are using desktop software, the applied overpayment from 2024 should transfer in if you transferred the *.tax2024 data file into your 2025 return.  But you should check anyway.

 

Federal Taxes tab (except it's the Personal tab in Home and Business).

Subtab Deductions & Credits

"I'll choose what I work on."  (if asked)

Your 2025 Deductions & Credits summary page.

Scroll down to Estimates and Other Taxes Paid.

Choose subtopic Other Income Taxes.

On the Other Income Taxes screen scroll down to 2024 Refund Applied to 2025, then choose the type of applied overpayment.

 

Before filing make sure a Federal applied overpayment is included in the amount shown on your Federal Form 1040, Line 26 along with any estimated tax payments.   If you entered an applied state overpayment, make sure it shows up on the state return.

JohnB5677
Employee Tax Expert

Applied refunds to my 2025 estimated taxes.

Yes, a 2024 refund credited to 2025 estimated taxes will carry over.

It won't be entered with your quarterly payments.

 

It is entered under 

  1. Federal
  2. Deductions & Credits
  3. Estimates and Other Taxes Paid
  4. 2024 Refund Applied to 2025

It will show up on your 2025 Tax return (Form 1040, Line 26). 

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