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Online Tax Calculator

Tax season can be a very stressful time for many of us as we ponder over what we may owe to Uncle Sam. Relieving the stress can be a bit of a challenge especially with the uncertainty of owing additional taxes hanging over our shoulders.

Free Federal Online Tax Calculators

Fortunately the uncertainty is a lot of what weighs us down, and uncertainty can be easily cured. Free online tax return calculators can help us get a good picture of where we stand with the IRS. This in turn allows us to quit wondering what our financial obligations are instead of working to fulfill them.

It may sound weird, but for me, knowing what I owe Uncle Same gets me out of the stressful mood of uncertainty and into the mood of focusing on how to address the issue. Granted, just knowing I owe is not a comfortable feeling, but to me it's better than the unknown...

In order to make important financial and tax planning decisions, it is wise to estimate your tax liability several times throughout the tax year. This keeps you on top of your finances and helps you avoid late quarterly payment penalties, as well as over paying your taxes.

To calculate your tax return online you need a few figures to plug into the calculators in order to get a fairly accurate estimate. See a list of those figures needed below.

You can calculate tax return figures online by entering your actual or estimated income, dependent, deduction, and tax credit information. You don't need in-depth tax knowledge to calculate your tax return.

Online Tax Calculator Checklist:

Is the taxpayer and-or spouse being claimed as a dependent on another persons return?

Number of Children/Dependents
Number of Children Qualifying for EIC Credit
Number of Qualifying Child Tax Credit Children
Number of Children Qualifying for Childcare
Amount of Childcare Expenses Paid $

W-2 Gross Income
W-2 Federal Withholding
W-2 State Withholding
Advanced EIC from W-2
Unemployment Compensation
Retirement Income Form 1099-R
Social Security Income
Interest/Dividends/Other Income
Other Tax Withholding or Estate Tax

Charitable Donations

Calculate Tax Return Liability Online

As they say, there is nothing more certain in life than death and taxes. Unfortunately, without planning, your annual tax liability can be very uncertain. Use the TurboTax or HR Block estimator calculator links above to help determine your estimated tax liability.

It's always smart before you make decisions on costly purchases to use one of the free tax estimator calculator tools from H&R Block or TurboTax. These calculators are based on the IRS 1040, 1040A and 1040EZ federal income tax forms, making them applicable for anyone to use. The tax estimator tools are intended to provide you with valuable preliminary information that can assist you in making sound investment or other finance related personal choices.

Your Data is Privacy Protected

The tax calculators do not store any of your information, and there is no need to enter sensitive personnel data such as your name or social security number.

The online tax calculators are based on tax year related IRS income tax rates and they show you how your federal income taxes might be affected should your income or tax bracket change throughout the year. They can also help you plan for other financial changes such as a new job, marriage, additional dependents, children, home purchase, mortgage refinancing, additional education, divorce, and so on.

Use our online tax calculator to estimate tax return figures regularly and stay on top of your financial liabilities.



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