Some taxpayers may want to apply a portion of the overpayment to next year’s taxes. Entering an amount indicates the taxpayer is electing to apply all or a portion of the current year’s overpayment to next year’s estimated tax.
To apply the Federal refund , in the TaxSlayer Pro program, from the main menu of the tax return select;
- Payments & Estimates
- Apply Refund
- Amount of Overpayment to apply to 20xx
To apply the State refund, in the TaxSlayer Pro program, from the main menu of the State tax return select;
- Payments (This may vary state to state)
- Indicate the amount of state refund that you would like to apply to your next year state taxes
Note: Each states menu varies, however in each state the line will include the word "Payments"
If you elected to have all or a portion of your refund amount from your prior year return applied to the current year, you will need to enter the information into the program to calculate your return correctly. To enter the amount applied from the prior year in the TaxSlayer Pro program, from the main menu of the tax return select;
- Payments & Estimates
- Estimated Tax Payments made for 20xx
- Amount Applied from Prior Year Refund
Note: If you choose to have your refund applied to your next years estimated tax amount, you cannot change your mind and have it refunded to you after the due date of the return. This cannot be amended.