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What is an overpayment

It was said that I have an overpayment this year does that mean they over paid me and then I will owe later?
2 Replies
Intuit Alumni

What is an overpayment

An over payment amount is the amount that you over paid to the taxing authority. Therefore, it is the amount of refund you will receive.

What is an overpayment

An overpayment is your refund.   You can have them keep all or part of your refund as an estimated payment towards next year's tax return.  But most people want to get their refund now. So do not say to apply it to next year.

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