Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 2
posted Feb 1, 2021 5:57:12 AM

How do I obtain an overpayment made via EFTPS in 2019 toward my 2020 taxes?

0 4 2190
4 Replies
Alumni
Feb 1, 2021 6:31:00 AM

When you file your taxes you enter the amount of estimated taxes that you paid for the year and, if that's more than you own you should receive a refund. 

Level 2
Feb 3, 2021 1:18:00 PM

I appreciate the attempt at an answer, however,  the money that was paid via EFTPS had to be handled separate from the customary way that a refund is traditionally handled.  Had I included the EFTPS  payment amount in the Turbo Tax field suggested, I suspect the return would have ultimately been rejected. Thanks.

Expert Alumni
Feb 3, 2021 6:03:01 PM

If the tax paid through the EFTPS was assigned to your form 1040 for 2020, then you can enter the payment in the estimated tax section in TurboTax and you will get credit for it on your personal tax return this year.

Level 2
Feb 3, 2021 9:24:54 PM

Re: How do I obtain an overpayment made via EFTPS in 2019 toward my 2020 taxes?

 

 

If the tax paid through the EFTPS was assigned to your form 1040 for 2020, then you can enter the payment in the estimated tax section in TurboTax and you will get credit for it on your personal tax return this year.  Comment:  This is the 3rd different answer I've received to my inquiry since originally submitted.  Although I appreciate the classification you have as an employee tax expert, you should know that when I called the IRS about the matter, the rep stated I would have to first file my 2020 tax return prior to an overpayment made via EFTPS being refunded.  Water under the bridge now because I filed my return as instructed.  Thank you.