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March 18, 2025
Question

What do they mean when asking if I want to apply any of your 2024 overpayment of $XXX to your 2025 Minnesota tax?

  • March 18, 2025
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    1 reply

    SteamTrain
    March 18, 2025

    @barrysanders204 

     

    They are asking if you want to let them Keep part, or all of your "Refund" to prepay any taxes you might owe on your 2025 taxes......the ones you will file early in 2026.

     

    Just my opinion...but Generally, I recommend you do not do it.  Just get the entire refund.   

    IF, for some reason, you need to pay quarterly estimated taxes each year, just pay them separately.

    ____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*