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
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
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
Retirement Income Form 1099-R
Social Security Income
Other Tax Withholding or Estate Tax
Calculate Tax Return Liability
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
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.