Where do I enter the 2020 overpayment applied to 2021?

[authierpja]

I paid too much tax in 2020 and applied the overpayment to 2021.  Where do I enter that amount of tax paid?

[DaveF1006]

To get credit for the overpayment:

1. Go to federal>deductions and credits
2. estimates and other taxes paid>Estimated Tax Payments>start
3. Federal estimated taxes for 2021>start
4. Answer yes on the next screen that follows
5. Next screen, scroll down to Additional payments
6. Put the amount that was to be applied. For the date, record the date you filed your 2020 return.

 

[VolvoGirl · Accepted solution]

Did you use Turbo Tax last year?    If it didn’t transfer over from last year, then enter a refund from last year that you applied to this year here. BUT first make sure it’s not already there. You don’t want to apply it twice.

Apply last year’s refund FAQ
https://ttlc.intuit.com/community/entering-importing/help/how-do-i-get-credit-for-a-refund-applied-t...

Federal on left

Deductions and Credits at top

Then scroll way down to Estimates and Other Taxes Paid

Other Income Taxes - Click the Start or Revisit

Next page scroll down to 2020 Refund Applied to 2021

Click Start or Update by the tax you applied

Then for state, you need to click on the state tab and go through state again for it to update.

NOTE: When you enter a 1099G for a state refund under income there is a box to check and then fill out the amount of state refund you had applied to next year’s estimated taxes. If you filled that in then do not fill it in again under Deductions and Credits.

[aligirl2036]

Where do I enter the 2020 overpayment applied to 2021?

[VolvoGirl]

Didn't my answer above work?   Where do you get lost or stuck?

[DoninGA]

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@aligirl2036 wrote:

Where do I enter the 2020 overpayment applied to 2021?

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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 Other Income Taxes, click on the start or update button

On the next screen select the options under 2020 Refund Applied to 2021

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 refund amount applied is shown on Form 1040 Line 26

[VolvoGirl]

Here's a screen shot

[aligirl2036]

I can’t find anything on my taxes that looks like this but will look again.  Thank you.

[William Worth]

I used HR Block for my 2020 Fed. Tax Return.

Could I use the 2021 first quarterly tax payment box to place this amount? 

I didnot make the first payment.

[JulieS]

No, you should enter the amount as 2020 refund applied to 2021 instead. It goes to a different line on your tax return and may affect your underpayment penalty if you have one. 

This is how to find that:

1. Select Federal from the left side menu.
2. Select Deductions and Credits toward the upper left. 
3. Scroll down to Estimates and Other Taxes Paid.
4. Expand the section, click Start/ Revisit to the right of Income Taxes Paid.
5. About half way down the list find 2020 refund applied to 2021 federal taxes, click Start to the right. 
6. Enter your amount here and click Continue. 
    

[JimTe]

Easy way is to just add it to the estimated taxes - as far as the IRS is concerned, they only see the total on 1040 line 26 of both carryover and estimated taxes.  The other way is to click on the forms icon in the upper right corner and search for the 1040 worksheet.  You'll find a spot on line 6 to enter your carryover.

JimTe