answersLogoWhite

0

Income tax return calculators perform its calculations just like you would by following the directions from the IRS. However, these calculations are preset and all you need to do is put in your numbers.

User Avatar

Wiki User

14y ago

What else can I help you with?

Related Questions

An amount of income that is not included in your gross income is known as what?

Income tax exempt INTEREST INCOME but the amount that is exempt from income tax does have to be reported on your income tax return and is used in the calculations to determine if any amount of any social security benefits that you receive will become taxable income on your 1040 income tax return.


Tax Return Calculator?

form_title= Tax Return Calculator form_header= Get the most back from your return. Use a calculator. What will your filing status be?*= {Single, Married filing Joint, Married Filing Separate, Head of Household, Widow} Do you have any children?*= () Yes () No What is your age?*= _ What was your income?*= _ Are you continuing your education?*= () Yes () No


Where can one find an income tax return calculator?

Income tax return calculators can be found on many different sites. Some of the best places to look would be the IRS website or the Canada Revenue Agency website.


Is there an income tax return calculator that is simple online?

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/


How reliable is a free income tax estimator?

A free income tax estimator is worth exactly the cost. In other words, it is worthless. The calculations involved in preparing an income tax return are complex and cannot be reduced to a single number.


Is there a tax return calculator online?

Yes, there are income tax return calculators online. I know that H&R Block makes them available as well as the IRS. You can get more information at IRS.gov.


How can I use the realty dividend calculator to determine the potential return on investment for a property?

To use the realty dividend calculator to determine the potential return on investment for a property, input the property's purchase price, estimated rental income, operating expenses, and financing details. The calculator will then analyze these factors to provide you with an estimate of the property's return on investment, taking into account factors such as cash flow, cap rate, and potential appreciation.


Where is a tax return calculator for the year 2011?

Taskbrain (http://www.taxbrain.com/taxcenter/taxcalculator/default.asp) has a tax calculator available on their website to estimate your taxes and refund for 2011. Just enter some basic information about your filing status, dependents, income, and deductions, and the calculator will do the work for you.


Annual Rate of Return Calculator?

Annual Rate of Return Calculator Use this calculator to determine the annual return of a known initial amount, a stream of deposits, plus a known final future value.


When filing for the federal income tax return do you have to attach schedule a for the state income tax return?

No, when filing for the federal income tax return, you do not attach the Schedule A for the state income tax return.


Lump Sum Annual Rate of Return Calculator?

Lump Sum Annual Rate of Return Calculator Use this calculator to determine the annual rate of return of known lump sum starting and ending amount.


Using an Income Tax Calculator to Make Filing Easier?

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.