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kristin2
New Member

I underreported the estimated taxes i paid last year, by $899. is there a way to credit this year's submission for that money?

i believe i should get this money back from IRS or use it as a credit for taxes this year. how do i do this in turbotax?

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LinaJ2018
Intuit Alumni

I underreported the estimated taxes i paid last year, by $899. is there a way to credit this year's submission for that money?

If you have already e-filed your taxes, you do not need to do anything.  While IRS processes your tax return, they will adjust the information on your tax return according to their records and send you a correspondence with a possible refund. No amendment is needed. 

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1 Reply
LinaJ2018
Intuit Alumni

I underreported the estimated taxes i paid last year, by $899. is there a way to credit this year's submission for that money?

If you have already e-filed your taxes, you do not need to do anything.  While IRS processes your tax return, they will adjust the information on your tax return according to their records and send you a correspondence with a possible refund. No amendment is needed. 

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