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January 25, 2025
Question

Applied a federal refund to 2024

  • January 25, 2025
  • 3 replies
  • 0 views

In 2023, I applied a federal refund to 2024.

 

The IRS took that money for an error on a previous year. So the "credit" no longer exists.

 

However, I am trying to file my 2024 taxes that Turbo Tax shows that credit and I cannot delete it.

 

How do I get that credit out of my 2024 return?

    3 replies

    January 25, 2025

    To remove the prior year overpayment in TurboTax Online:

     

    1. Navigate to Federal Taxes > Deductions and Credits >Estimates and Other Taxes Paid
    2.  Choose Income Taxes Paid > Start or Revisit
    3. Go to 2023 Refund Applied to 2024, then start or revisit 2023 refund applied to 2024 federal taxes
    4. Delete the overpayment
    VolvoGirl
    Employee
    January 25, 2025

    If it is applying your last year's refund to this year and you need to remove it or change it.....

     

    Go to

    Federal Taxes

    Deductions and Credits

    Then scroll way down to Estimates and Other Taxes

    Other Income Taxes - Click the Start or Update button

     

    Next page scroll down to 2023 Refund Applied to 2024

    Click Start or Update and then delete the amount

    DoninGA
    Employee
    January 25, 2025

    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 Income Taxes Paid, click on the start or update button


    On the next screen select the options under 2023 Refund Applied to 2024


    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

    February 2, 2025

    neither of the options suggested are available in turbotax live premium... any other way to enter a federal refund from tax year 2023 that was applied to my 2024 filing?

    DoninGA
    Employee
    February 3, 2025

    @jaramd wrote:

    neither of the options suggested are available in turbotax live premium... any other way to enter a federal refund from tax year 2023 that was applied to my 2024 filing?


    Yes, they are available in the TurboTax 2024 online editions -