Skip to main content
February 16, 2024
Solved

Estimated Tax

  • February 16, 2024
  • 1 reply
  • 0 views

In 2022 I  had my return pushed forward to apply to 2023 taxes. I also paid quarterly estimated taxes. My first quarter estimated tax was reduced by the amount carried over from 2022. Do I enter the total  carryover  plus quarterly in the tt estimated taxes or just the amount I sent in 2023.

    Best answer by VolvoGirl

    You enter the amount applied from 2022 separately from the estimates.  Only enter the actual estimate payments you made.

     

    APPLIED FROM LAST YEAR

    If it didn’t transfer over from last year, then enter a refund from last year that you applied to this year here. BUT first make sure it’s not already there. You don’t want to apply it twice. It will be on line 26.


    Federal on left

    Deductions and Credits at top

    Then scroll way down to Estimates and Other Taxes Paid

    Income Taxes - Click the Start or Revisit

     

    Next page scroll down to 2022 Refund Applied to 2023

    Click Start or Update by the tax you applied

     

    PAID ESTIMATES

    To enter Federal or State Estimated Taxes Paid, including a state estimated payment made in January for the prior year, go to

    Federal on left or at top. Personal (Home & Business)

    Deductions and Credits

    Then scroll way down to Estimates and Other Taxes Paid

    Estimated - click the Start or Update button

    1 reply

    VolvoGirl
    VolvoGirlAnswer
    Employee
    February 16, 2024

    You enter the amount applied from 2022 separately from the estimates.  Only enter the actual estimate payments you made.

     

    APPLIED FROM LAST YEAR

    If it didn’t transfer over from last year, then enter a refund from last year that you applied to this year here. BUT first make sure it’s not already there. You don’t want to apply it twice. It will be on line 26.


    Federal on left

    Deductions and Credits at top

    Then scroll way down to Estimates and Other Taxes Paid

    Income Taxes - Click the Start or Revisit

     

    Next page scroll down to 2022 Refund Applied to 2023

    Click Start or Update by the tax you applied

     

    PAID ESTIMATES

    To enter Federal or State Estimated Taxes Paid, including a state estimated payment made in January for the prior year, go to

    Federal on left or at top. Personal (Home & Business)

    Deductions and Credits

    Then scroll way down to Estimates and Other Taxes Paid

    Estimated - click the Start or Update button