Tax Refund Calculator
Estimate your tax return with these free to use online tax refund calculator programs through HR Block and TurboTax or, use our calculator below if you would like a quick and easy way to get a ballpark figure of where you stand with Uncle Sam.
Today it's easier than ever to get an estimate of your federal tax liability by using these simple online tax calculators to figure out what you owe, or better yet, how much you will be getting back from your federal income tax return.
Tax Calculators: no personal identification information required
TurboTax Online Tax Preparation
HR Block Online Tax Preparation
2019 - 2020
Calculate Tax Return Refunds Free With This Online
Estimated Income Tax Refund Calculator
By entering the information above you can easily come up with a fairly accurate figure on where you stand financially with Uncle Sam.
To use our tax refund calculator above you need to enter a few figures in order to get a fairly accurate estimate. The calculator above takes several factors into consideration including, income, wages, salaries, adjustments to income, deductions and exemptions. This calculator will provide an estimate of your federal income taxes owed, as well as Social Security and Medicare taxes. For this purpose we have listed detailed instructions below.
It's never fun paying taxes but, not knowing what your tax liability is can weigh heavy on your shoulders as well. Using an online tax return calculator can ease the tension from uncertainty fast. It's a great way to estimate your return. Try one today to relieve your stress and get a good picture of your tax liability.
How to use our Tax Refund Calculator
to Estimate Income Tax Return Refunds:
In the drop down menu you will need to select the filing status your are using to file your return, these selections include: single, married filing separate returns, married filing joint returns, or head of household.
Income: Wages, Salaries
This is the total of all occupation income including wages and salaries that you typically would report to the Internal Revenue Service (IRS) from your W-2 income statement.
Other income can include interest earned, taxable child care you received, profits from stocks, bonds, mutual funds, rental properties and any other taxable income.
Deductions can be an estimate of the total itemized deductions that would be derived from your Schedule A form or the standard deduction. For current deductions and rates see IRS Publication Topic 551 Standard Deductions to determine how much you can list in deductions for your current tax filing year.
Exemptions include the number of dependents you claim on Form 1040. IRS Publication 501, Exemptions, Standard Deduction, and Filing Information shows exemptions usually include yourself, a spouse, any children and qualifying relatives you can legally include in your deductions.
There's no doubt that for me, estimating my tax liability ahead of time does relieve stress regardless of whether I owe or not.
It gets me off the uncertainty wagon and into the mood of making adjustments to my spending habits so that I'm prepared ahead of time to meet my financial obligation.
Try our Free Tax Refund Calculator Today!