I vastly overpaid my estimated quarterly taxes last year, can I apply that entire refund directly to this year's required quarterly payments?

Question

Kohari Gonzalez Oneyear & Brown · Accepted Answer

A large overpayment of estimated taxes can often be handled as a credit toward future tax, but how it applies to this year’s quarterly payments depends on the amount of the overpayment, how the refund was elected or processed, and whether the current year’s estimated tax pattern still supports using For an answer applied to your exact numbers, bring this question to a licensed KGOB CPA in a focused session and leave with a clear next step.