Skip to main content
February 29, 2024
Solved

Turbo tax is reflkecting that I have an overpayment of $244 this year. What do I do with the overpayment?

  • February 29, 2024
  • 2 replies
  • 0 views
What do I do with an overpayment?
Best answer by VolvoGirl

An overpayment is your refund.   You can have them keep all or part of your refund as an estimated payment towards next year's tax return.  But most people want to get their refund now.   So to get your refund now pick do not apply it to next year.

2 replies

PatriciaV
Employee
February 29, 2024

 You have the option to receive a refund from the IRS (in about three weeks) or apply your overpayment to next year's taxes. TurboTax will offer you both options when you work through the steps to e-file your return.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
VolvoGirl
VolvoGirlAnswer
Employee
February 29, 2024

An overpayment is your refund.   You can have them keep all or part of your refund as an estimated payment towards next year's tax return.  But most people want to get their refund now.   So to get your refund now pick do not apply it to next year.