To use an income tax calculator you will need to gather and fill in some information. It can be helpful to have a W-4 form filled out before hand. Fill in all of the blank spaces on the calculator and it should calculate you maximum refund.
Earned Income Credit (EIC) Calculator Earned Income Credit (EIC) is a tax credit available to low income earners. In some cases the EIC can be greater than your total income tax bill, providing an income tax refund to families that may have little or no income tax withheld from their paychecks. Use this calculator see if you qualify for the Earned Income Credit, and if so, how much it might be worth to you and your family. This calculator creates estimated values for tax year 2010.
H&R Block has an income tax calculator online. You can also use the autofill applications online at the IRS site. And, if you want a calculator that you can take with you, check the App Store.
Income tax calculators for 2011 are available with many websites for free such as www.irs.gov/individuals/page/0,,id=14806,00.html, www.efile.com/tax-calculator/tax-estimator/, and www.calcxml.com/do/inc02.
A tax online calculator can be particularly helpful for tax estimation for entrepreneurs and small business owners. The federal government requires that self-employed taxpayers pay monthly taxes, and an income tax calculator and self-employment tax calculator can both be helpful for tax estimation. Many of the self-employed make quarterly tax payments. Also, small business owners who have spousal income or income from additional jobs may use a tax online calculator to better plan personal finances. By estimating tax payments, taxpayers can set up a schedule for setting aside money for future tax payments or plan for a large, important purchase with an income tax refund.
Even if you self file your taxes at the end of the year, you could still use the help of an online tool that can help you to more accurately figure out your total liability. The increasing complexity of the tax code as created an environment where income tax calculator services are becoming very much in demand, and it's easy to understand why. Since the tax code can be so perplexing, it's great to have a calculator that can take all of your independent variables into account to generate an accurate amount to put on your tax return. When you use an income tax calculator online, make sure the calculator is reputable so you know you're not putting false information on your tax return.
To use a tuition reimbursement tax calculator, you input the amount of tuition assistance provided by your employer and your income. The calculator then determines the tax implications of this assistance, helping you understand how it affects your taxes.
There are many places online where you can use a tax calculator for free. I suggest you do your homework before deciding to pay someone. Good luck friend.
Municipal Bond Tax Equivalent Yield This calculator will estimate the tax-equivalent yield (TEY) for a municipal bond. Income generated from municipal bond coupon payments are not subject to federal income tax. In addition, if the bond was issued in your state of residence, you can also avoid state income taxes. Use this calculator to determine the yield required by a fully taxable bond to earn the same after tax income as a municipal bond.
Mortgage Tax Savings Calculator Interest paid on a mortgage is tax deductible if you itemize on your tax return. So are points that are paid to lower your interest rate. Use this calculator to determine how much you could save in income taxes. Click on the "View Report" button to view the results in detail.
One can use a free tax calculator in a variety of ways. They can get a free estimate via sites such as eFile, or 1040. In the UK, you can also get a free estimate via the HMRC website.
Go to the IRS website and use their Economic Stimulus Payment Calculator.
You can find a simple, easy to use version of income tax return calculator online, at the following links- http://www.taxbrain.com/taxcenter/taxcalculator/default.asp; http://www.1040.com/site/taxtools/federaltaxestimator/tabid/227/default.aspx; http://turbotax.intuit.com/tax-tools/