Timeline for answer to Why would you elect to apply a refund to next year's tax bill? by JoeTaxpayer
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| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Jul 5, 2017 at 16:33 | comment | added | JoeTaxpayer | @Kevin - yes. Missing. Your actual tax bill isn't affected by how much you paid ahead, with the exception of pay too late and getting hit with penalty. | |
| Jul 5, 2017 at 16:28 | comment | added | Kevin | It seems to me it would make sense if you'll be in a lower bracket the next year, or is there something I'm missing? | |
| Aug 4, 2016 at 23:28 | comment | added | Loren Pechtel | Look at Joe's answer--it can be a very sensible thing to do for those of us who have to make estimated payments. (Mostly the self-employed but anyone who gets enough non-paycheck income will end up in that position.) | |
| Jan 3, 2012 at 18:03 | comment | added | Sean W. | @JoeTaxpayer great point and may also be relevant if you are filling out the FAFSA. | |
| Jan 1, 2012 at 1:53 | comment | added | JoeTaxpayer | Sure, if there's a refund on one, but money owed on other(s). I'm wondering if there are times the money in your name would hurt you from collecting a welfare benefit, but it wouldn't count if it were a prepaid tax? | |
| Jan 1, 2012 at 1:06 | comment | added | jldugger | About the only reason I can come up with is if someone is filing multiple years at once because they didn't file for years and now have a largeish tax bill. | |
| Jan 1, 2012 at 1:04 | vote | accept | jldugger | ||
| Dec 31, 2011 at 21:20 | history | answered | JoeTaxpayer | CC BY-SA 3.0 |