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DCAZ666
New Member

I am going to have a tax carryover of about 10K, I owe 6K from 2013 tax year. Am I able to use this carryover to pay for my outstanding tax liability?

We put on solar panels and that is why I am going to much back this year, the government pays for 30% of the install.  I did not make that much and have a large carry over to next year.  Can this amount pay for my tax liability due?
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PatriciaV
Employee Tax Expert

I am going to have a tax carryover of about 10K, I owe 6K from 2013 tax year. Am I able to use this carryover to pay for my outstanding tax liability?

Unfortunately, the carryover of a tax credit cannot be applied to a prior tax liability. 

If you are expecting a refund, however, that cash may be applied to your outstanding balance due to the IRS. In most cases, the IRS does this automatically.

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1 Reply
PatriciaV
Employee Tax Expert

I am going to have a tax carryover of about 10K, I owe 6K from 2013 tax year. Am I able to use this carryover to pay for my outstanding tax liability?

Unfortunately, the carryover of a tax credit cannot be applied to a prior tax liability. 

If you are expecting a refund, however, that cash may be applied to your outstanding balance due to the IRS. In most cases, the IRS does this automatically.

**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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