Refund applied to estimated taxes

Home › Fairmark Forum › Other Tax Topics › Refund applied to estimated taxes

Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • June 16, 2020 at 6:57 pm #7260
    wj
    Participant

    If my 2020 FIT refund is applied to 2021 estimated taxes, will it be applied against the first est tax due date,(normally April 15, 2021) or spread over all four dates?

    June 16, 2020 at 8:13 pm #7261
    Kaye Thomas
    Moderator

    It applies to your first quarter estimate. If it’s large enough to cover that estimate, you don’t have to make a payment for that quarter.

    June 16, 2020 at 10:45 pm #7262
    wj
    Participant

    Many thanks for the reply. Couldn’t find answer on IRS website, and they don’t answer phone.

    WJ

  • Author
    Posts
Viewing 3 posts - 1 through 3 (of 3 total)
  • You must be logged in to reply to this topic.