2016 - 2017
When tax season rolls around you can calculate tax return
liability FREE with our online tax calculator to determine what
size of chunk our old buddy Uncle Sam is going to take out of
your hide, or, if your lucky, how big your refund will be.
Calculate tax returns online for free this tax season to help you
prepare for your tax return filing. Our tax return calculator will
only take a few minutes to use to estimate your taxes due or to
calculate tax refund amount you will be getting back from the IRS.
Note: this is an estimator, for more accurate results use the
TurboTax or H&R Block calculator links above for FREE and accurate
Calculate Tax Return Refund
With just some basic figures
you can get a good picture of your IRS tax obligation
before you even start to prepare your tax return. Once
you know where you are financially with your tax return
you can then make a much wiser decision on when you need
to start your online tax return
If you have deductions, try
one of the free TurboTax or HR Block tax calculation links
above to calculate tax return liability more accurately. These
professional calculation tools are extremely accurate since they
take all fanatical details into consideration including deductions,
exemptions, credits and benefits that may apply to your personal tax filing
I always calculate my tax
return ahead of time so that I can relax knowing what I have to deal
with by the tax filing due date. It gets me focused on meeting my financial
obligation instead of worrying about what it is...
The good news here is that
it is much simpler than it has ever been to determine how much you
will be getting back from Uncle Sam, or how much you owe the IRS.
When it comes time to determine what your tax liability is, it can
be done in just a couple of simple steps.
Most tax refund calculators
will require some basic information that can be applied anonymously
without implying who you are, like your age, your filing status
(alone, or jointly with a spouse), your disability situation, and
other non identifying factors. You will also need to note how many
children are living in your home as dependents under the age of 17,
and be aware of the number of exemptions you plan to take.
Start by determining your filing status for the year, as well as the
total taxable income that you have earned over the past tax year.
These are the main factors used to determine the amount owed or
being refunded come tax time in April.
Tax returns themselves are a key part of the countries economic
well-being. Her is how to proceed with your tax calculation and
Gather all your tax
information including last year's tax return, W-2's, or 1099
forms as well as tax deduction papers and investment
Determine how much your adjusted gross income is
and what forms you will need to use. This will help in
determining your tax software edition.
Enter your financial information and let the tax software do the math for
you as you go. All you have to do is answer the series of questions and
get the information from your W-2 forms and other records needed
for preparing and filing your return.
You will need to enter
additional information, such as your
exemptions, standard or itemized deductions, number of
dependants, your taxable
income, or the amount of adjusted gross income. You software
will be able to calculate your tax return for you as you
Submit your tax return to the IRS
online electronically by using e-file.
your tax refund through direct deposit into your bank account. Direct deposit is the
fastest and safest way to get your
refund. Plus, you can track your refund status
within 72 hours to see when it will arrive.
If you owe more taxes,
you can pay electronically. Simply authorize an electronic funds withdrawal,
or pay with
your credit or debit card, or even enroll in the US Treasury
Electronic Federal Tax Payment System (EFTPS).
Remember that itemized
deductions are a big part of reducing tax debt. These can include
several different areas of taxation including:
Mortgage Interest: You
can in most cases deduct mortgage interest you pay on your home
during the year, and portions of a deductible home equity loan.
Charitable contributions like deductible cash and non-cash
deductible donations for the year are a good way to lower your
tax bill. These are all important factors that help calculate
tax return liability.
Medical expenses and
education offer deductible options as well.
File Now! Choose Your Tax Software, Average returns only take 30 minutes.