Question

How can I apply my state refund to next year?

Forum|Forum|4 years ago
February 25, 2022
3 replies
0 views

I have a refund due from NYS and I want to apply it to next year's return. I cannot find the place to enter this.

TurboTax Deluxe Online

S

SweetieJean

Open your tax return.
Search for estimated tax payments with the magnifying glass tool on the top of the page.
Click on the Jump to estimated tax payments link at the top of the search results.
Click on Start next to 2021 refund applied to 2022 state taxes.
Follow the on-screen instructions.

K

karinm1971

This doesn't make sense. The poster is asking about applying this year's refund (2022) to next year's taxes.

K

karinm1971

@karinm1971 It makes sense. There are plenty of people who know that their tax situation for the upcoming year will be different, and they expect to owe tax for the next time instead of receiving a refund. So they choose to put some or even all of their current refund toward the tax they will owe for the next year. Line 36 of a Form 1040 is where the IRS lets you enter the amount of a current refund amount that you want to apply toward the next year's tax.

Oh you're right. I thought that the reply was referring to retroactively doing that, which makes no sense. (Been spending too much time doing weird past years' taxes!)

Karin

M

MayaD

To apply your NY refund to next year:

Log in to your account.
Select State Taxes.
Revisit NY return, continue until you get to the screen Additional Tax Situation
Scroll down to Prepare Estimated Tax vouchers FOR 2022 (IT-2105
On the next screen answer Yes tp apply your refund to next year

On the New York resident tax return, Form IT-201, the amount of your refund that you want to apply to next year is on line 79.

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S

scapoor2

I read your response for NY satate taxes. It does not seem to work for Virginia taxes.

Thanks.

LenaH

Please follow the instructions below to apply all or part of your Virginia refund to your 2022 taxes:

Open your return.
Click on State on the left-hand side.
Click Edit next to Virginia.
Continue through the return until you see the screen, Your 2021 Virginia taxes are ready for us to check
Click Edit next to Other Situations.
Click Start or Revisit next to Make Estimated Tax Payments for Next Year
Answer yes to the question Do you want to start the Virginia estimated taxes section now?
On the screen Choose Your Payment Option, choose 100% of your actual 2021 tax.
On the screen Apply Overpayment?, select the amount you want to apply to next year.
Continue through your return.

@scapoor2

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G

guymadison

I do not see any option for applying Wisconsin 2021 overpayment to my 2022 estimated taxes. This has changed

AmyC

It is well hidden in the WI state program under estimated taxes. Follow these steps:

Go to WI

Continue to Other Tax Situations

Scroll down to Other Forms section

Select Estimated Taxes for next year, start/ edit

Do you want to pay estimated taxes, YES

No

Continue, continue, continue

yes

continue

Select overpayment option

continue

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G

guymadison

Amy

Here’s what I think is happening:

I completed my taxes. I paid TurboTax. I selected filing by mail meaning I will print off the taxes and submit them on April 18.

Meanwhile I notice that there is one tiny year written wrong. I had written 2022 when it should have been 2021.

But to fix this my only option was AMEND my return. Ok. I amended it. Fixed the typo but now I had additional pages referring to my amended return. I tossed those but keep the page with the correct year.

But. Then I noticed that I was not able to apply my Wisconsin tax overpayment from 2021 to my estimated taxes for 2022. So I go back to AMEND again and following your advice I see that there is no option for overpay of state taxes BUT because I am in AMEND there also is showing no income tax due and no state tax due - could that be the reason why there is no option to apply an overpay? It is really a problem with TurboTax to fix something after paying when I haven’t filed yet and just need small corrections. I know years ago (4 maybe) the heavy handed AMEND was an option. What do you think? I wish I could just fix my return without officially amending it. But that’s not possible is it?

Jeff