Tax Refund Calculator
2016 - 2017
Some people love math, and others hate it. I fall
into the later category. Fortunately for those of you
that feel the same as I do, and for the math lovers
that feel like taking the express rout, we offer up
our Tax Refund Calculator. This tax tool make calculating
taxes easy as 123.
- Select the tax year
- Select each taxing entity for your tax filing
- Enter your taxable income and click calculate
for each one
you have used the tax refund calculator to calculate
each of these, you can add them together for your total
It's really that easy, and you will find yourself
being far more prepared to meet any income tax liability
you have when you know what it is ahead of time. A tax
refund calculation is something you should do several
time each and every year to stay on top of you finances.
Now whether you realize it or not, there are three
taxing entities that are sucking tax dollars out of
your pocket. Your federal taxes are calculated from
these three sources then added together. The three taxing
- Federal Income Tax
- Social Security Tax
- Medicare Tax
Tax Return Refund Calculator
Calculating income taxes has never been easier with
the tax tools available to taxpayers today. Plus, making
this effort several times a year could lead to tax deductions
and overall better financial tax planning for the year.
No Net Income Figure?
Adding Tax Deductions To Your Tax Refund Calculation.
Our simple tax refund calculator above requires a
net income figure. This is to say that you have already
reduced your gross income to a net taxable income by
applying any tax deductions and credits you can qualify
for. If you haven't done that, you should use one of
the free TurboTax
tax calculator or
Block tax calculator.
These two tax refund calculators will walk you through
a more elaborate calculation process that includes calculating
in tax deductions, credits, and benefits.
Adding in these tax breaks could influence your net
taxable income significantly, and put more cash back
in your pocket.
With many many tax free tax tools like these on the
market. it's hard to make excuses why you may not have
a clue what your tax obligations are with the IRS.
Making good financial decisions requires you to have
some sound financial knowledge about your finances.
Keeping in tune with your federal tax obligations is
a great start to better tax planning.
While many options exist for helping you determine
your taxable income, top notch products from popular
tax service brands continue to be the go to products
most consumers choose.
Give yourself a boost in tax knowledge and stay informed
all year round on your tax liabilities and you will
be far better prepared to meet them.