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How do I apply my refund to next year's (2025) taxes?

by TurboTax807 Updated 1 week ago

You can apply some or all of your 2024 tax refund to next year's taxes. When you come back to file your taxes in 2025, the amount you applied will show up as a credit.

Tip: If you pay quarterly estimated taxes, apply a portion of your refund to next year's first-quarter estimated tax payment, which is due April 18. This can help prevent underpayment penalties on next year's return.

Select your product and follow the instructions.

  1. Open or continue your return.
  2. Go to apply federal refund to next year.
  3. Follow the instructions on the Get Your Refund Now or Apply It to Next Year's Taxes screen.
  1. Open or continue your return.
  2. Search for apply federal refund to next year and select the Jump to link.
  3. Follow the instructions on the Apply Refund to 2025 Taxes screen.