I am getting a refund and I will be owing money next year so I want to apply toward next years tax bill. I am not seeing option how to do it.
Is this in forms where I have manually check a box or is it in walk through interview and if yes where (which section)?
To add, change or delete a current year federal tax refund to next year's taxes before you file your tax return -
- Click on Federal Taxes (Personal using Home and Business)
- Click on Other Tax Situations
- Under Additional Tax Payments
- On Apply Refund to Next Year, click on the start or update button
Or enter apply federal refund to next year in the Search box located in the upper right of the program screen. Click on Jump to apply federal refund to next year
The amount applied to next years taxes will be shown on Form 1040 Line 36