Our home page covered the facts about income tax rates and how they are manipulated every year by our political system. Now you can move forward with your tax knowledge and discover how easy it is to determine how deep Uncle Sam is going to dig into your pocket with our IRS Income Tax Calculator.
Income Tax Calculator 2018 - 2019
There are three federal tax entities that together dictate your total IRS tax bill. These entities include your federal income tax, your Social Security taxes, and your Medicare taxes. So now you see where all your tax money goes.
By selected each entity individually along with your tax filing status, you can calculate the amount of federal IRS taxes due to each of these government institutions.
You can then add all three of these calculations together to determine your total IRS tax liability to our sometimes not so friendly mythical man, Uncle Sam.
If your not Einstein, or a rocket scientist, this IRS income tax calculator can help you make light of the tax calculation task this tax season.
No Personal Identification Information Required
This IRS tax calculator is a great tool to help you stay more informed all year round on your federal tax liabilities, and how to meet those financial obligations.
TurboTax IRS Income Tax Calculator
Don't have that net income figure needed to use the tax calculator above to its full potential? Then the TurboTax TaxCaster is the tool for you.
The TurboTax IRS Tax Calculator is offered up to everyone as a FREE tax tool from Intuit, the parent company of TurboTax. Further more, TurboTax does NOT require anyone to be a customer to use their calculator, also known as the TurboTax TaxCaster.
This tax calculation tool is available online through the TurboTax.Com website, or as a downloadable Smartphone app that you can use on the go.
TurboTax Federal Income Tax Calculator 2018 - 2019
Friend or foe, the IRS is a money grubbing entity that we all have to deal with. Plus, if you don't cooperate, you'll be paying up in penalties and interest charges. Not a fun thought!
The best way to stay up on this tax planning task is to use a federal tax calculator several times a year to insure your on target with tax savings and payments.
A great tax season tool for the is the TurboTax TaxCaster Federal Tax calculator. It's just what the doctor ordered for tax planning tools to help you be more financially prepared for taxes.
TurboTax TaxCaster Federal Tax Calculator
When the IRS comes calling, it's important to be prepared to meet their needs ASAP. This in turn will help you avoid federal tax penalties and interest charges.
The TurboTax TaxCaster is a simple yet detailed tool that can help you calculate your federal taxes, but also help you find deductions that can help lower your overall tax bill.
Several features on the TurboTax federal tax calculator tool allow taxpayers to enter tax deductions like medical, educational, and charitable contribution deductions. Tax deductions like these along with others will help lower your taxable income, which in turn will inevitably lower your tax bill.
How To Use The TurboTax TaxCaster
The TurboTax TaxCaster is a fully guided tax calculation tool that all taxpayers can use for free. It does not require you to be a TurboTax customer. Plus, no personal identification information is required to be entered. This allows tax filers to use it anonymously, keeping their personal data private.
TaxCaster can be accessed and used online through the TurboTax Website, or by downloading the Smartphone app that you can use on the run, anytime you need to make an adjustment to your income, expenses, or deductions.
To use this tax season tool you start by entering some pertinent information about your life that will determine your tax filing status, and some standard deductions. These questions include, your marital status, age, and dependant children.
Then you'll move on to your income. This will include you wages and salaries, along with unemployment income and business income ( for self employed tax filers).
Other income to enter includes interest, qualified dividends, capitol gains and losses, IRA and pension distributions, social security benefits, alimony received and any other income you may have had during the year.
Then you will enter your tax breaks and tax deductions like education and medical expenses, home mortgage deductions, charitable donations, retirement account contributions, and other deductions as well as any taxes already paid for the year.
As you will see, the TurboTax TaxCaster Federal Tax Calculator will continue to give you a running balance as you make, or change your entries. It's a super tool to keep you informed on you federal tax liabilities throughout the year.
TurboTax Tax Calculator App
The TurboTax TaxCaster app just happens to be one of my favorite tax season tools. I happen to be self employed and this tool keeps me "in the know" all year long so that I'm always ready to meet my financial income tax obligations of quarterly payments.
The TurboTax TaxCaster Income Tax Calculator allows taxpayers to make entries for all necessary deductions required to make sure your tax calculation is accurate, and takes advantage of every tax break available.
This includes deductible expenses such as mortgage interest, medical and educational deductions, dependants, and more. Additional deductions can be plugged in for charitable donations so that you get the full tax benefits from your contributions for non-profit donations.
See Your Tax Bill Change In Real time
The TurboTax Income Tax Calculator offers a running balance due, or refund amount on the screen that adjusts as you make changes to your entries.
Each entry triggers a recalculation so that you can see the effects each change is having on your final tax bill. You can plug in hypothetical figures to see how life changes your thinking about making will effect your year end taxes.
New job, investments, getting married, all these factors can effect the final outcome on how your income tax liability is calculated.
Use the TurboTax Income Tax Calculator several times throughout the year to stay well informed on what the IRS is going to expect from you...