if your tax liability is less than the amount of tax you paid, you subtract the liability from the amount paid. the result is your refund owed.
if your tax liability is more than the amount of tax you paid, you subtract the amount you paid from your total liability. the result is what you owe.
Turbotax has a good online tax service where they will ask you some questions and calculate your return for you. Hrblock.com has a free tax calculator which can help you calculate your own return.
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.
Tax return loans are when an individual borrows an amount of money against their tax return.
Yes, you can amend your state tax return separately from your federal tax return.
If you have filed a tax return but you then realize that your return is inaccurate in some way and you wish to correct the inaccuracy, you can file a revised tax return which would be called an amended tax return.
No, when filing for the federal income tax return, you do not attach the Schedule A for the state income tax return.
That question is not on your tax return.
No, you do not send your W2 with your tax return.
how to calculate provison for income tax
status on tax return
To calculate the after-tax return, we first determine the pre-tax dividend income, which is $4. The tax on this income is 30% of $4, resulting in $1.20 in taxes, leaving an after-tax dividend of $2.80. Since the stock was bought and sold at the same price ($40), there is no capital gain or loss. Therefore, the total after-tax return is $2.80, which is a 7% return on the initial investment of $40.
E-tax returns