Understanding your CP45 notice - Internal Revenue Service An overpayment means you paid more tax than you owed during the year - either through paycheck withholding or estimated payments You can choose to have this extra amount refunded or applied to your next year's taxes
Understanding your CP267 Notice - Internal Revenue Service The amount of credits (federal tax deposits or estimated tax payments) you claimed on your tax return for the tax period shown on your notice and the amount of credits that were applied to that year are different This created an overpayment on your account If we don’t hear from you, we’ll refund the overpayment unless you owe other tax or debts we're required to collect
Can You Apply a Refund to Next Year’s Estimated Taxes? (w . . . The two add to $5,200, matching Line 34 The IRS sends George a $3,000 refund and credits $2,200 as a 2026 estimated payment dated April 15, 2026 George’s 2026 estimated tax is about $8,000, or $2,000 per quarter The applied $2,200 covers his entire Q1 ($2,000) with $200 left for Q2 He keeps his travel cash and still front-loads his estimates
How do I apply my refund to next years (2026) taxes? - Intuit Tip: If you pay quarterly estimated taxes, apply a portion of your refund to next year's first-quarter estimated tax payment, which is due April 18 This can help prevent underpayment penalties on next year's return
Refund, Apply, or Split? How to Turn This Years IRS . . . Apply it to next year's estimated tax On your Form 1040, in the refund section, there is a line labeled something like "amount of overpayment you want applied to next year's estimated tax" (line 36 on the current form)
Can You Apply a Refund to Next Year’s Taxes? | Tax Instructions Quick answer: Yes You can elect on Form 1040 to apply some or all of an overpayment to the following year's estimated tax The amount becomes a tax payment rather than a cash refund, and the election is generally irrevocable after the return is filed This guide explains the federal or state rule in practical filing terms