Re: I paid my underpayment of federal taxes for 2022 in 2023. Does this amount get credited on my...

I paid my underpayment of federal taxes for 2022 in 2023. Does this amount get credited on my 2023 return as taxes paid?

Do my underpaid taxes from 2022 get credited towards my 2023 return if paid in 2023?

posted

No.

The penalty for underpayment of estimated taxes is a penalty and you don't get a credit for it the following year.

Please read this IRS document for more information.

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I paid my underpayment of federal taxes for 2022 in 2023. Does this amount get credited on my 2023 return as taxes paid?