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I am going to have a tax carryover of about 10K, I owe 6K from 2013 tax year. Am I able to use this carryover to pay for my outstanding tax liability?

Forum|Forum|7 years ago
June 3, 2019
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We put on solar panels and that is why I am going to much back this year, the government pays for 30% of the install. I did not make that much and have a large carry over to next year. Can this amount pay for my tax liability due?

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Best answer by PatriciaV

Unfortunately, the carryover of a tax credit cannot be applied to a prior tax liability.

If you are expecting a refund, however, that cash may be applied to your outstanding balance due to the IRS. In most cases, the IRS does this automatically.

PatriciaVAnswer

Employee

Unfortunately, the carryover of a tax credit cannot be applied to a prior tax liability.

If you are expecting a refund, however, that cash may be applied to your outstanding balance due to the IRS. In most cases, the IRS does this automatically.

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