Figure out my tax refund

Find Out What Your Refund Will Be Before Filing. Take The Guessing Out Of Tax es. Free for Simple Tax Returns. Maximum Refund Guaranteed. Increase Your Tax Savings.

Industry-Specific Deductions. Get Every Dollar You Deserve. How do you calculate a tax refund? How to determine your 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. 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. Have your Social Security number, filing status, and the exact whole dollar amount of your refund ready. Typically, you receive a tax refund if you pay more tax during the year than you actually owe. This most commonly occurs if too much is withheld from your paychecks.

Another scenario that could create a refund is if you receive a refundable tax credit that is larger than the amount you owe. Depending on the complexity of your tax return , you could get your tax refund in just a couple of weeks. You can check the status of your refund within hours after the IRS notifies you that it has received your e-filed tax return (or four weeks after mailing your paper return, if you’re old school). 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. At the same time, with the average refund topping $80 you may prefer to have less tax withheld up front and receive more in your paychecks. No Matter How Complicated Your U. If you are an employee,. A Tax Agent Will Answer in Minutes!

Questions Answered Every Seconds. Accurate Calculations Guaranteed.

Know Your Taxes Befor You E-file Your Taxes on efile. Top rated tax software will calculate tax liability with all deductions and tax credits that you can qualify for figured into your tax return to insure you the biggest refund possible. Track your federal tax refund. You must successfully submit your tax return to be able to track it. There’s a method in which you can figure out an approximate amount of money you’ll get back from the IRS.

An online tax refund calculator helps to do this accurately. Once you find out what your approximate tax refund is, you can make your financial plans based on that. TurboTax Tax Refund Calculator. Enter in your information and get an estimate of your tax refund. The graphics and sliders make understanding taxes very easy, and it updates your estimate as you add in information.

It’s important to understand how the IRS tax brackets work and to see what current rate you are taxed at to accurately calculate your tax refund or liability for the tax year.