Basic tax refund calculator

Tax refunds are calculated by subtracting the amount of federal income taxes withheld from your total income taxes due for the year. If the amount withheld from your paychecks for taxes exceeds the amount you owe, then you will receive a refund. Estimate your tax refund for $Wondering what to expect when you file your taxes this year?

Rest assured that our calculations are up-to-date with all tax law changes to give you the most accurate estimate. Think of this as your.

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. A tax return calculator takes all this into account to show you whether you can expect a refund or not, and give you an estimate of how much to expect. How can I calculate my tax return? How do you calculate a tax return?

Remember the Tax Calculator is a quick tool to help plan your tax year and ensure you’re accounting for the right amount of tax. It’s important to use the calculator whenever your tax situation changes or as you become more confident in your estimated amounts.

Taxes are unavoidable and without planning, the annual tax liability can be very uncertain. Use the following calculator to help determine your estimated tax liability along with your average and marginal tax rates. Enter your filing status, income, deductions and credits and we will estimate your total taxes. Based on your projected tax withholding for the year, we can also estimate your tax refund or amount you may owe the IRS next April. Income Tax Calculator Use our simple income tax calculator for an idea of what your return will look like this year.

You’ll get a rough estimate of how much you’ll get back or what you’ll owe. Access IRS Tax Forms. Complete, Edit or Print Tax Forms Instantly. Take The Guessing Out Of Tax es. Free for Simple Tax Returns.

Maximum Refund Guaranteed. Industry-Specific Deductions. Get Every Dollar You Deserve.

The tax calculator or tax estimator does not store any information and is not intended to manually file (mail in) or electronically file (efile) your tax return with the Internal Revenue Service (IRS). As soon as you have entered the most important tax information, the tax calculator will provide you with a tax estimate.

This Tax Calculator is not intended as an online tax preparation tool for a Federal Income Tax Return. If you are married and decide to file a separate tax return , you will usually pay more tax than if you use another filing status that you qualify for. Also, if you file a separate return , you cannot take the student loan interest deduction, tuition and fees deduction, education credits, or earned income credit. Tax calculated using Qualified dividend and Capital gain tax worksheet is $. It may vary from the taxes calculated directly using the tax brackets above. Your maximum tax bracket is.

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. The exact amount of your income tax can only be calculated upon lodgment of your income tax return. Next step: Simple tax calculator This link opens in a new window – this calculation will take between two and minutes to complete. This calculator will help you work out the tax you owe on your taxable income for the previous six income years.

You may be able to claim a refund if you.