Tax refund Estimator - Tax Return Estimator - How to Use it

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Mortgage Interest Deduction Calculator - Tax refund Estimator - Tax Return Estimator - How to Use it


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Would you like to do a quick appraisal of your taxes before tackling the real thing? By entering some basic facts with regard to your earnings, filing status, and deductions you can get a quick appraisal of your Federal tax refund or whole you owe Uncle Sam.

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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. whole of dependents are also entered here. Earnings and earnings 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: healing 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 whole of your Federal earnings tax withheld, and State earnings tax withheld.After entering your facts the tax estimator will give you a summary of your tax situation. This summary will give you a good idea of your tax refund whole 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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