Estimate state tax refund

TurboTax Online Free Edition customers are entitled to payment of $30. Calculate the amount of income tax that you paid for the year through withholding or estimated- tax payments. You can locate this amount by viewing your W-statement or periodic pay stubs. Subtract the amount you owe in state tax from the total amount that you paid to your state.

The resulting difference is the amount of your refund.

Rest assured that our calculations are up-to-date with all tax law changes to give you the most accurate estimate. As you make progress, the taxes you owe or the refund you can expect to receive will be calculated and displayed on each page. Estimate the areas of your tax return where needed.

Step 3: Complete Your Tax Return Without Filing. Finish your estimated tax return. CORONAVIRUS UPDATE FOR REFUNDS.

The Kentucky Department of Revenue has reduced the number of employees at our office locations because of the coronavirus situation. How to calculate an estimated tax refund?

How do you calculate a tax refund? 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. This calculator computes federal income taxes, state income taxes, social security taxes, medicare taxes, self-employment tax , capital gains tax , and the net investment tax. The provided information does not constitute financial, tax , or legal advice.

Some tax returns need extra review for accuracy, completeness, and to protect taxpayers from fraud and identity theft. Indig Enterprises, Inc. Extra processing time may be necessary.

If you received a refund amount different than the amount on your tax return, we’ll mail you a letter. Tax refund offsets - applying all or part of your refund toward eligible debts. If you owe Virginia state taxes for any previous tax years, we will withhold all or part of your refund and apply it to your outstanding tax bills.

We will send you a letter explaining the specific bills and how much of your refund was applied. We are in a high tax state (California) and hit AMT, so the state and local taxes are not deductible. However, it seems that TT still consider the state refund as taxable.

Know Your Taxes Befor You E-file Your Taxes on efile. State Income Tax Refund.

Our tax return calculator will estimate your refund and account for which credits are refundable and which are nonrefundable. Because tax rules change from year to year, your tax refund might change even if your salary and deductions don’t change. What information do I need? Social Security Number (SSN) Tax Year Refund. 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.

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