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hubber
Returning Member

Where do i input last year's (2019) federal overpayment which is being held specifically to pay for 2020's taxes?

i opted to have the IRS keep $1500 from my refund last year to pay this year's taxes. I do see how to input for state and local; however, disappointingly,  It is not clear where the federal allotment should be input. I am a first time user of TurboTax so there is nothing I can download from last year's taxes. How do I input the overpayment being held from 2019's refund? This makes a huge difference in my return amount!

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AnnetteB6
Expert Alumni

Where do i input last year's (2019) federal overpayment which is being held specifically to pay for 2020's taxes?

You can find the entry for an overpayment applied to your 2020 taxes in the Federal Taxes > Deductions and Credits > Estimates and Other Income Taxes Paid > 2019 Refund Applied to 2020 section of your return.  

 

Use the following steps to go there:

  • On the top row of the TurboTax online screen, click on Search (or for CD/downloaded TurboTax locate the search box in the upper right corner)
  • This opens a box where you can type in “applied overpayment” (be sure to enter exactly as shown here) and click the magnifying glass (or for CD/downloaded TurboTax, click Find)
  • The search results will give you an option to “Jump to applied overpayment
  • Click on the blue “Jump to applied overpayment” link 
  • Scroll down to the 2019 Refund Applied to 2020 section
  • Click Start or Update beside 2019 refund applied to 2020 Federal taxes to enter your information
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