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The estimated tax refund is calculated based on the current year's tax codes.

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14y ago

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List of things you need for a tax refund?

A properly calculated and filed tax return. An overpayment of tax, through withholding or estimated quarterly payments, compared to the tax required by the return.


What if I overpay my estimated taxes?

If you overpay your estimated taxes, you will receive a refund for the excess amount when you file your tax return. This refund will be issued by the tax authorities.


Is an estimated tax refund the real amount I will get?

Not necessarily. As stated, it is an estimated refund. Other factors may affect your refund that have not yet been taken into account. A tax professional can hep you find the exact amount you will get.


What is the process for receiving a refund if I overpay my estimated taxes?

To receive a refund for overpaying your estimated taxes, you need to file a tax return with the IRS. On your tax return, you can claim the overpayment as a credit or request a refund. The IRS will then process your return and issue a refund if you are owed one.


If you overpaid state tax by making estimated payments is your state tax refund taxable?

Some of the refund amount could be taxable if you itemized deduction in the year and claimed the estimated tax payments as a part of your itemized deduction for that year.


How could an organization have a tax receivable?

An organization can have a tax recievable when it has paid a larger estimated tax the refund is put into recievable


Is there a place online where a wage earner can go estimate their tax refund?

Yes, you can use turbo tax. You dont have to file the return, but you can see your estimated refund. Turbotax.com


What is the true meaning of tax refund estimator.?

A tax refund estimator is an online program where you enter your tax information and the program makes a calculated guess as to how much money you will be refunded.


When you pay more than you owe in taxes and the IRS gives you money back, that money is called _________. A. A tax refund B. Gross pay C. Estimated tax D. An audit?

A. A tax refund


What happens if I overpay my estimated taxes?

If you overpay your estimated taxes, you will receive a refund for the excess amount you paid. This refund can be applied to future tax payments or returned to you as a check or direct deposit.


What happens if you overpay estimated taxes?

If you overpay estimated taxes, you will receive a refund from the government for the excess amount you paid. This refund can be applied to future tax payments or returned to you as a check or direct deposit.


What is the process by which individuals have their federal income tax collected?

1. the employer withholds estimated taxes 2. the taxpayer files a tax return the government receives a tax payment or gives a tax refund 3. the government receives a tax payment or gives a tax refund