I'm going to file an extension for 2025. When I file an extension and make a payment towards 2025 taxes, is there a way to have any excess cover estimated taxes for 2026? I will make all estimated tax payments, but I want to know if there is a way to have any overpayment of my 2025 taxes cover any underpayment in my estimated taxes owed.
When I file an extension can I make a single payment that covers current year taxes and apply excess to my estimated taxes?
byu/lagosss intax
Posted by lagosss
1 Comment
When you eventually file you can have any overpayment be applied to next year’s tax liability instead of having it refunded to you.