So you will not get any surprises when you file you tax return. But the best thing is that TaxCaster will let you know whether you will be getting a refund or owe money. If you decide you can go ahead with filing on TurboTax. Other free tax calculators from TurboTax are: IRA Tax calculator, and Life Event Tax calculator.Īt the very bottom TurboTax will also suggest which edition of the filing software will be best suited for your needs. If you owe money the dial on the results would be in the red area and you will be shown approximate amount that you will owe. If youre not seeing your situation covered, you can use TurboTax to get an estimate, and file there if you want to. If you are getting the refund the dial would be in the green section and you would be shown a approximate amount of refund. As youve noticed, TaxCaster is a refund estimator and doesnt have all of the possible tax situations, but the most common ones that people have. On the right hand side top corner you will see the Calculation results. Energy efficient home improvement purchases,.Then you can add things that make you eligible for a credit like: Any cash or non-cash charitable donations,.Then you will be required to enter any deductions, credits or payments you are eligible for. Once you are done entering the information click the “Done” button. Once you choose that, then fill in your income for the year, spouse’s income if married filing joint, any other income or business income. At the top of the calculator you will be asked about your filing status. All you have to do is enter some basic tax related information and you will be shown whether you will get a refund or owe money. TaxCaster by TurboTax is very simple, user friendly and covers everything in just one page. TaxCaster 2010 is a free tax calculation tool by TurboTax Free that gives you the fastest way to get an estimate for your tax return.
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