Free Tax Refund Calculator for 2016 from TurboTax Online
Tax season is about to be in full swing in just a few weeks. Therefore, there is no surprise that taxpayers are eager, to find out how much they can expect this year via their tax refund. With TurboTax, this can be easy.
All you have to do is use the tax refund calculator and you will be able to find out how large or small your tax refund will approximately be this year.
How the Tax Refund Calculator Works
The tax refund calculator is free to use. All you have to do is click here and enter some personal information (i.e. age, marital status, dependents, income, etc.) so the calculator can get to work and provide you with an estimated refund.
However, keep in mind when using the calculator that it is only providing you with an estimation. Your actually refund could be smaller or larger depending on how accurate the information you entered into the calculator was.
The refund amount that you will receive is determined by analyzing the income tax and the federal income tax that was withheld throughout the year. In the event that you had too much federal income taxes withheld from your paycheck, you will receive a tax refund during tax season.
Why Use the Tax Calculator
TurboTax is a reputable brand that has been around for years and they have a reputation for helping taxpayers receive their largest tax refunds possible. When you utilize their services, you can do so for a low cost or free.
Therefore, it is recommended that you use the free calculator because as long as you input accurate information into the calculator you will receive accurate results.
Additionally, this calculator is ideal for business owners too. It not only allows taxpayers to see how much they can expect to receive back in the form of a refund but it also allows taxpayers to see how much they will have to pay the IRS in the event that they are not going to be receiving a tax refund.
The calculator is easy to use and it does not ask you for specific personal information, such as your name, social security number/EIN, or any other confidential information, in order for you to receive your estimate. Therefore, you can be 100% confident that by using this calculator you will not have to worry about anything happening to your confidential information.
Overall, TurboTax’s online tax refund calculator benefits taxpayers in numerous ways. You can have an idea of how much of a tax refund you will receive so you can plan your finances accordingly. Additionally, other products and services are available that can help you out during this stressful time of year.
TurboTax will ask you easy questions and fill in all the right tax forms for you. You can get live answers by chat where they have credentialed TurboTax experts CPAs and EA’s. Plus TurboTax online completes thousands of error checks to ensure that your tax return is correct so you won’t trigger an audit.