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What is the point of a federal tax estimator?

Updated: 9/16/2019
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10y ago

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A federal tax estimator calculates the amount of tax a person will owe at the end of the year. If you have had to pay taxes in previous years, using a federal tax estimator can help you plan ahead and help you make proper pay check withholdings.

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Q: What is the point of a federal tax estimator?
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What is a free income tax estimator?

Free income tax estimator is a calculator that you put basic information into. Yearly income, federal tax withheld, number of dependents. Then it will give you an estimate of your refund or if you owe money.


Where can I find a federal tax estimator online?

You can find a federal tax estimator online directly at the IRS website. It is called the IRS withholding calculator, and the web address is http://www.irs.gov/individuals/article/0,,id=96196,00.html.


Are free income tax estimators as good as paid estimators?

Yes, a free income tax estimator can be as good as a paid income tax estimator. A tax estimator just allows you to have an estimate of your tax return.


Where can I find a good tax refund estimator?

If you want an online, free tax refund estimator you should follow this link to 1040's tax refund calculator: http://www.1040.com/tax-tools/tax-estimator/


Where can I go online to find tax return estimators?

You can find tax return estimators online (and also Federal tax estimator, tax refund estimator/calculators) at many websites, for free. Please visit the following links to find tax return estimator- http://www.1040.com/site/taxtools/federaltaxestimator/tabid/227/default.aspx; http://www.efile.com/tax-service/tax-calculator/; http://turbotax.intuit.com/tax-tools/calculators/taxcaster/?s=1


Use a Free Tax Estimator from the IRS?

The best resource to consult for a free tax estimator is the IRS. By going to the website of the IRS, you can be rest assured that a free tax estimator is updated with the latest information. You will get the most accurate tax refund information from a tax estimator created by the IRS. You can also use a free tax estimator from the IRS to anticipate how much money you will owe to the IRS. If you anticipate owing a lot of money to the IRS, then you should definitely use a free tax estimator to figure out the expenses.


Is TurboTax a good tax estimator?

yes, turbo tax is a good tax estimator. this is because you can tally up your mortgage and other tax areas. this can be beneficial for you and your family.


Where can I find a federal tax estimator?

There are many online tax estimators, I would personally recommend this one. http://www.calcxml.com/do/inc02 It seems to be very informative and hopefully helps you!


What is the easiest free income tax estimator to use?

H&R Block offers a great but simple income tax estimator for free. The estimator asks a few financial questions and then gives a fairly accurate measure of the income tax.


How accurate is the income tax estimator portion of tax software?

Tax estimator calculators can be very accurate in tax software. It depends on the brand of software that one is using and it depends on the information entered.


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.


Where can I find a tax return estimator?

The best place to find a tax return estimator is HRBLOCK.com. There are many other websites out there that can calculate this number for you that are accurate.