Calculate your tax refund

File Income Tax es For Free. Maximum Refund Guaranteed. Industry-Specific Deductions. Increase Your Tax Savings. How do you figure out a tax refund? What tax refund can I expect? How is your tax refund determined?

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. There are several factors that can impact how much income tax you pay.

Your tax bracket is determined by your taxable income and filing status. When you use our tax calculator , we’ll ask you questions about these details to give you a better estimate of your refund or taxes due. Estimate your tax refund or simply practice your taxes with our free tax calculator. Just enter some basic information about yourself—and it’s fine to guesstimate.

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. 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. Enter your information for the year and let us do the rest. They will phase out in eight years.

Think of this as your. 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. Calculate your Tax Refund and claim what’s yours today.

Take The Guessing Out Of Tax es. Tax deductions, on the other han reduce how much of your income is subject to taxes. Deductions lower your taxable income by the percentage of your highest federal income tax bracket. Once you determine your tax bracket you can start accounting for deductions and exemptions. Or you can let an online calculator do that for you.

Check out one of the many online tax calculators available online, from HR Block, TurboTax and others. We make Taxes great simple again for you. When this happens, you are due a tax return from the government. Conversely, you may owe if the money you withheld is too low.

Don’t worry about being exact – just do the best you can. 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. You would only owe $800. This could be good news because if you have overpaid tax in more than one tax year you could get a larger tax rebate.

There is a time limit of four tax years for you to claim tax back. It also means you should act as quickly as possible to ensure you don’t miss out. Example: Ontario, BC, Alberta.

Simply select your province.