Payments made in Estimated Taxes

[Bailey7557]

I am reviewing my estimated tax estimates for 2025, using TurboTax 2024.  One of the screens asks for "Payments Made", Payment 1, Payment 2, etc.  I applied my 2024 refund to 2025 Estimated Taxes.  Do I include that 2024 refund amount in the Payment 1 field of Payments Made as I review / update estimated taxes?  I do not see any mention of the refund applied in the screens of updating estimated taxes.

[Mike9241 · Accepted solution]

on the ES &W4  wks the overpayment you are applying must be entered just below the amount shown as the 2024 overpayment, you also need to indicate on this wks any previous estimated taxes you have paid (exclude the overpayment)

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on the est tax options (wks)  the overpayment applied should appear in the section labeled " anount of estimated taxes to pay in 2025". further down in the section labeled schedule of estimated tax payments for 2025" you should see the amount you paid with the first and second estimate, if any.  the third quarter estimate is the 75% of the amount of 2025 estimated taxes that were calculated reduced by 75% of any federal withholding you indicated further reduced by any previous quarterly estimates that were paid and finally the overpayment applied

example 

estimated 2025 tax                                         $800

75% =                                                               $600

previous estimated tax payments              $200

remainder for first 3 quarters                         $400

overpayment applied to 2025                     $100

3rd quarter estimate                                     $300

4th quarter estimate                                       $200

proof required payments  800 = paid 200 (first 2 quarters) +300 (paid 3rd quarter)+200 (paid 4th quarter)+$100(overpayment applied)

note this is base on paying the 3rd quarter estimate on or before 9/15

[DoninGA]

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