apply late refund to 2024 estimate

Forum|Forum|2 years ago
April 6, 2024
2 replies
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I e-filed our Federal taxes early requesting some of expected refund to be applied to 2024. But I checked Federal website and my tax-return has NOT be processed yet. If the IRS doesn't process the return before April 15th, will the 2024 estimated quarter 1 payment be considered late? Possible penalty?

TurboTax Home & Biz Windows

Best answer by dmertz

"If the IRS doesn't process the return before April 15th, will the 2024 estimated quarter 1 payment be considered late?"

No. The IRS already has this money.

Mike9241

contact the iRS to see if they got it. if they did, then the overpayment applied to 2024 should be for the first quarter

John_TTAuthor

Employee

Yes, I got email a month ago "Federal Return Accepted". I'm just trying to verify that if it takes another month or later to be processed, will my 2024 first quarter estimated payment be considered on time or late?

Seems similar to mailing returns or estimated payments -- which I understand are counted on time on the date post-marked not the date received or processed.

dmertzAnswer

Employee

"If the IRS doesn't process the return before April 15th, will the 2024 estimated quarter 1 payment be considered late?"

No. The IRS already has this money.