Question

Does TurboTax automatically carry over unused tax credits from 2022 for next year in 2023? (State tax credits)

Forum|Forum|3 years ago
January 25, 2023
1 reply
0 views

I want to specifically confirm if Turbotax will automatically track this and move to next year or if I have to manually track and enter next year.

TurboTax Deluxe Online

X

xmasbaby0

Employee

What tax credit? What state? We cannot see your tax return.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

N

nathan-johnsonAuthor

AZ and tax credits (excess, unclaimed for 2022, trying to carry forward to 2023) for Private School Tuition contributions (Form 323 and 348) and other similar state tax forms.

HopeS

Since the credit is s a nonrefundable credit, which means it can only be used to offset your actual tax liability. The remainder of the unused credit can be carried forward.

The carried forward credits will be shown in Part 2 and Part 3 of Form 323.

Before efiling your 2022 return you can review the actual return to see that your carryover credits are shown. You will be able to print your return to pdf once you pay for the software and review it before filing.

I have attached a link to the Arizona website with information on the credit, as well as the instructions to the form if you would like to see how the carry forward is computed.

Click on the link below and scroll to the Form 323 link at the bottom of the page.

Arizona Form 323

@nathan-johnson

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"