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Does rolling over your return to next year, save the money for you? or does it pay your next year taxes?

last year i rolled my tax return for this year, do i get that return in addition? or did it pay for last years taxes?
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1 Best answer

Accepted Solutions
VolvoGirl
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Does rolling over your return to next year, save the money for you? or does it pay your next year taxes?

If you applied your refund to next year it reduces the tax due next year (or increases a refund).  

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 2022 Refund Applied to 2023

Click Start or Update by the tax you applied

 

Then for state, you need to click on the state tab and go through state again for it to update.

 

 

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1 Reply
VolvoGirl
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Does rolling over your return to next year, save the money for you? or does it pay your next year taxes?

If you applied your refund to next year it reduces the tax due next year (or increases a refund).  

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 2022 Refund Applied to 2023

Click Start or Update by the tax you applied

 

Then for state, you need to click on the state tab and go through state again for it to update.

 

 

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