Calculate federal income tax liability online for free?
With the tax refund estimator tools listed here you can get a quick tax calculation of your estimated federal taxes. Just click on the tax refund estimator 2015 – 2016 links below or use our simple tax refund estimation tool by selecting your income tax filing status and tax year being filed. Then you can enter your net tax year income to calculate taxes owed or, refund amount.
Many of us will be shocked to find that the amount that we actually have to pay might be very different from what we expected. We may even be getting a tax refund. With our Free Tax Calculator, users can take all the guess work out of tax season, and will be more prepared with an idea of what to expect when they actually file their taxes.
Select your filing status. Your filing status determines the earnings levels for your Federal tax bracket. It is also significant for calculating your standard deduction, personal exemptions, and deduction point out incomes. The table below summarizes the 5 possible filing status choices. It is significant to understand that your marital status as of the last day of the year determines your filing status.
It’s fairly common that when it comes to doing taxes, people often seek advice from a tax expert. There are online 2015 – 2016 tax preparation services that can make your tax preparation and your return filing procedure easier. You can work with Online Tax professional an efficient income tax service, to prepare your tax return.