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@ raj17 wrote: "I couldn’t find any form/entry where I can provide the estimated payments that I made last year. How do I get back the overpayments that I made to IRS?
Turbotax provided vouchers for estimated payments and I paid all in full last October. Looks like it is optional and I actually don't owe that money to IRS. How I get this overpayment back from IRS?"
If I understand your situation correctly, here's how/where to report any 2020 quarterly estimated taxes you paid toward your 2020 taxes so you get credit for them.
You appear to be using Online Deluxe, at least that is what is displayed underneath your question. Here's how to report your 2020 quarterly estimated tax payments in Online TurboTax:
If you have any trouble with the "jump to" method, here's another way to get there.
@ raj17 wrote:Thanks a bunch for the timely help. Now, I'm getting a bigger refund. Would this cause any further implication or trigger additional questions for my next tax filing?
You're welcome. I'm just a fellow user, not a tax expert, but I don't think anyone will know anything about your next tax filing since no one knows your situation. But the fact that you got a larger refund shouldn't have anything to do with it.
By the way, after you finish entering your payments in that section, when you review your return before filing, be sure the payments show up on your 2020 Form 1040, Line 26.
@ raj17 wrote: "I couldn’t find any form/entry where I can provide the estimated payments that I made last year. How do I get back the overpayments that I made to IRS?
Turbotax provided vouchers for estimated payments and I paid all in full last October. Looks like it is optional and I actually don't owe that money to IRS. How I get this overpayment back from IRS?"
If I understand your situation correctly, here's how/where to report any 2020 quarterly estimated taxes you paid toward your 2020 taxes so you get credit for them.
You appear to be using Online Deluxe, at least that is what is displayed underneath your question. Here's how to report your 2020 quarterly estimated tax payments in Online TurboTax:
If you have any trouble with the "jump to" method, here's another way to get there.
Thanks a bunch @mesquitebean for the timely help. Now, I'm getting a bigger refund. Would this cause any further implication or trigger additional questions for my next tax filing?
Thanks again.
@ raj17 wrote:Thanks a bunch for the timely help. Now, I'm getting a bigger refund. Would this cause any further implication or trigger additional questions for my next tax filing?
You're welcome. I'm just a fellow user, not a tax expert, but I don't think anyone will know anything about your next tax filing since no one knows your situation. But the fact that you got a larger refund shouldn't have anything to do with it.
By the way, after you finish entering your payments in that section, when you review your return before filing, be sure the payments show up on your 2020 Form 1040, Line 26.
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