What is an overpayment? Should I apply them to my 2024 estimated taxes? (2024)

An overpayment is good news. It means you don't owe any additional taxes, and that your entitled to getting money back.

You have an option to tack a refund, or apply your overpayment to next years taxes.

  • The refund will give you cash back this year.
  • Applying it to 2024 taxes is the second option.
    • If you don't pay estimated taxes, I do not recommend this.
    • You had enough withheld this year, and probably will do the same next year.

We can not see your tax return, so it is difficult to determine.

  • Make sure you went into your State Taxes and posted for all of the questions.
  • The State input screens are on the left sidebar.

What is an overpayment? Should I apply them to my 2024 estimated taxes? (1)

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What is an overpayment? Should I apply them to my 2024 estimated taxes? (2024)
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