Tax Return Refund Estimate
Racing to meet the tax filing deadline can be stressful, especially if you have no idea what you may owe Uncle Sam. Use our tax return refund estimator below to get yourself out of the dark and find out what the IRS wants from your wallet.
This year, get rid of that pressure right away by estimating your tax return up front so that you know what your up against when it comes time to choose your online tax return preparation software. There's no need to stress over not knowing what your financial liability is to Uncle Sam.
Our FREE federal income tax, tax brackets and tax rates calculation tool below allows you to calculate your tax return refund estimate ahead of time so that you know what you need to do to prepare and file your tax return. Quickly estimate taxes owed or, tax refund amount.
With our free online tax calculation tool you are able to get a fairly accurate tax return refund estimate as well as determine your federal income tax bracket and tax rate.
Remember, your federal income tax rate is an overall variable rate since each portion of income falling into each higher tax bracket is taxed at that increased tax bracket rate.
Curtailing your stress level when tax season is upon us can be quite challenging. Don't let the unknown speculation of what your liability may be get you down. Use our tax return refund estimate tool get rid of the guesswork so you can focus on meeting you financial tax filing obligation. It's said that there is nothing more certain that death and taxes. Don't let the weight of wondering what your tax debt will be make you feel like your ten feet under... Try a tax estimator today
Estimated Quarterly Tax Payments
Estimated tax calculations can be used to pay taxes on income that is not subjected to paycheck withholdings. This includes income from interest, dividends, alimony, rentals, prizes and awards, gains from asset sales, and self-employment income. You may also need to pay estimated tax payments if the amount of income tax being withheld from your paychecks, salary, pension, or other income is not enough to satisfy our old buddy Uncle Sam.
If you do not pay enough in your estimated tax payments, you may be subjected to penalty and interest charges from the IRS.
Plus, if you did not pay enough with your estimated tax payments by the due date of each payment period, the IRS may charge you with a penalty fee even if you are due a refund when you file your return.
So here our bottom line tax tip. Make it an effort to calculate your income tax liability several times a year. This is a great habit to get into since it allows you the opportunity to make adjustments based on changes in your finances. Plus, keeps you in the know about your income tax obligations to Uncle Sam.