Predict my tax return 2017

Type of federal return filed is based on your personal tax situation and IRS rules. Estimate your tax refund. Quickly forecast your tax refund amount with TaxCaster, the convenient tax return calculator that’s always up-to-date on the latest tax laws. This interactive, income tax estimator provides accurate insight into how much you may get back this year or what you may owe before you file.

Include your income, deductions, and credits to calculate.

When you fill out your income tax return you’ll be prompted to give your bank account details. That way, the IRS can put your refund money right in your account, and you won’t have to wait for a check to arrive in the mail. If you file your taxes early, you don’t have to wait until after the tax deadline to get your tax refund. Depending on the complexity of your tax return, you could get your tax refund in just a couple of weeks.

In its simplest form, tax returns are issued when the amount of money being withheld from your paycheck for taxes exceeds the amount you owe the IRS. When this happens, you are due a tax return from the government. Conversely, you may owe if the money you withheld is too low.

They will phase out in eight years. At the same time, you may prefer to have less tax withheld up front, so you receive more in your paychecks and get a smaller refund at tax time. No Matter How Complicated Your U. Access IRS Tax Forms. Complete, Edit or Print Tax Forms Instantly.

File late taxes today with our Maximum Refund Guarantee. This tax calculator is solely an estimation tool and should only be used to estimate your tax liability or refund. It should not be used for any other purpose, such as preparing a federal income tax return , or to estimate anything other than your own personal tax liability.

Think of this as your. Our income tax calculator calculates your federal, state and local taxes based on several key inputs: your household income, location, filing status and number of personal exemptions. Rest assured that our calculations are up-to-date with all tax law changes to give you the most accurate estimate.

How to calculate my tax bracket ? For example, if you calculate that you have tax liability of $0(based on your taxable income and your tax bracket) and you are eligible for a tax credit of $2that would reduce your liability to $800. Tax credits are only awarded in certain circumstances, however. As you make progress, the taxes you owe or the refund you can expect to receive will be calculated and displayed on each page.

You would only owe $800. Finish your estimated tax return. See our schedule for details. Remember not to e-file or mail your estimated tax return. Using the formula in the left column tells us that this taxpayer would have a total federal income tax of $1351.

Eligibility for education tax benefits and certain income tax credits are also based on MAGI. The Income Tax Department NEVER asks for your PIN numbers, passwords or similar access information for credit cards, banks or other financial accounts through e-mail.