Tax Refund Estimator - Tax Return Estimator - How to Use it
The Turbotax online website has a tax return estimator that you can use for free. Use this handy planning tool to figure out how much of a tax refund you'll get or how much you'll owe.
How to use the tax estimator - Just enter this basic info
* You and your family This is where you enter your filing status. Single, married filing jointly, married filing separately, or head of household. Number of dependents are also entered here.
* Earnings and Income Money you earned from wages, self-employment and investments are entered into the tax refund estimator here.
* Deductions and personal expenses Enter your amounts into these pre-set categories: Medical expenses, real estate and personal property taxes, home mortgage interest and points, home equity loan interest, charitable contributions, alimony you paid, child care expenses, and other miscellaneous deductions.
* Withholding taxes Enter the amount of your Federal income tax withheld, and State income tax withheld.
After entering your information the tax estimator will give you a summary of your tax situation. This summary will give you a good idea of your tax refund amount or taxes you owe. After you've used the tax refund estimator you'll also get a list of tax tips for your situation.
The Turbotax online website has a tax return estimator that you can use for free. Use this handy planning tool to figure out how much of a tax refund you'll get or how much you'll owe.
How to use the tax estimator - Just enter this basic info
* You and your family This is where you enter your filing status. Single, married filing jointly, married filing separately, or head of household. Number of dependents are also entered here.
* Earnings and Income Money you earned from wages, self-employment and investments are entered into the tax refund estimator here.
* Deductions and personal expenses Enter your amounts into these pre-set categories: Medical expenses, real estate and personal property taxes, home mortgage interest and points, home equity loan interest, charitable contributions, alimony you paid, child care expenses, and other miscellaneous deductions.
* Withholding taxes Enter the amount of your Federal income tax withheld, and State income tax withheld.
After entering your information the tax estimator will give you a summary of your tax situation. This summary will give you a good idea of your tax refund amount or taxes you owe. After you've used the tax refund estimator you'll also get a list of tax tips for your situation.
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