Is there a way to use a state refund to pay federal taxes on time?

Question

I just filed my taxes... I owe almost the same amount in federal that I am going to be getting back from state... I can't afford to pay my federal taxes on time... Is there any way that you can have the state send your refund right to the federal government to cover your federal taxes?

Answer 1

Nope, the refund is yours and you can't assign it to anyone else. See if you can borrow it from a friend or family member or put it on a credit card until your state refund arrives. If you can't get the money, call the IRS right away to set up a payment plan and to see how much they're going to charge you in fees and interest, then make sure you pay them just as you agree to....they don't mess around when it comes to collections.

Answer 2

Nope, and if you just filed, there's not much of any change you'll get your state refund by April 17 so you can use it to pay the amount you owe for federal.

Answer 3

You should have filed your taxes back in February or as soon as you got your w 2s and u would have your state back by now to pay your federal taxes on time but as soon as you get your state check back your you payment as soon as possible so you won't have to pay all that interest of 8% every month that u are late.

Answer 4

I don't know of any states that do that. You need to file both fed and state, and if there is time to have your state direct deposited, then you can pay the fed out of that money. Other than that you will have to come up with the money yourself. Don't wait to though. Go ahead and file, then send what you can. They also so have payment plans if you need it.

Answer 5

No. But you can send the money in once you get your state refund. Interest with the IRS is only around 6%, so don't sweat it.