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Should the question "Did you pay federal estimated taxes for 2024?” include refunds from 2023 applied to 2024?

 
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DawnC
Employee Tax Expert

Should the question "Did you pay federal estimated taxes for 2024?” include refunds from 2023 applied to 2024?

Prior year refunds applied to this year are Other Income Taxes Paid.  If you applied your 2023 refund to this year's tax return, go to Deductions & Credits and scroll down to the Estimates and Other Taxes Paid section of TurboTax.   

 

From there, choose Other Income Taxes, and then scroll down to 2023 Refund Applied to 2024.  

 

If you used TurboTax last year, this amount would have transferred in from your 2023 return.  

 

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3 Replies

Should the question "Did you pay federal estimated taxes for 2024?” include refunds from 2023 applied to 2024?

No, that would be a separate question as it would be entered on a different line on the Form 1040

 

To enter, change or delete a refund from the prior year applied to this years taxes (Federal, State, Local) -

Click on Federal Taxes (Personal using Home and Business)
Click on Deductions and Credits
Click on I'll choose what I work on (if shown)
Scroll down to Estimates and Other Taxes Paid
On Income Taxes Paid, click on the start or update button


On the next screen select the options under 2023 Refund Applied to 2024


Or enter refund applied to this year in the Search box located in the upper right of the program screen. Click on Jump to refund applied to this year


The prior year federal tax refund amount applied is shown on Form 1040 Line 26

Should the question "Did you pay federal estimated taxes for 2024?” include refunds from 2023 applied to 2024?

NO it does not include refunds you applied to the next year.      It is asking if you mailed in estimated payments or made payments online during 2024---it is not asking about applying your refund to the next year.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
DawnC
Employee Tax Expert

Should the question "Did you pay federal estimated taxes for 2024?” include refunds from 2023 applied to 2024?

Prior year refunds applied to this year are Other Income Taxes Paid.  If you applied your 2023 refund to this year's tax return, go to Deductions & Credits and scroll down to the Estimates and Other Taxes Paid section of TurboTax.   

 

From there, choose Other Income Taxes, and then scroll down to 2023 Refund Applied to 2024.  

 

If you used TurboTax last year, this amount would have transferred in from your 2023 return.  

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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