My estimated refund amount was within $100 of the actual amount that I am to receive. Very happy with this feature.
A Tax Refund Estimate Calculator
Are you wondering if you’re going to get a tax refund or maybe owe Uncle Sam this year? Well, instead of waiting until you completely go through your tax return you can plug in some numbers and get a rough estimate today. This can be especially helpful if you end up with a surprise showing you may owe money. While it’s generally too late to make any changes to your tax situation now, the earlier you spot this, the more time you’ll have to get the money to pay the tax bill.
TurboTax has launched something new called TaxCaster, and it is a quick calculator that can help you determine what your tax bill or refund will look like. While they just provide an estimate, as long as your tax situation isn’t overly complicated, the results will generally be pretty close. Keep in mind that they are just estimates though, and it will only be once you complete your tax return that you’ll know exactly what you’ll see as a refund or owe the IRS. But this is a nice planning tool if you’re looking to get an idea of what to expect while it’s still early in the year before you’ve sat down to actually do your taxes.
So, if you’d like to see what your tax refund might be, I’ve included the TaxCaster widget below. And don’t forget, doing your taxes with the help of TurboTax can help you get all of the refund you deserve.
Powered by Taxcaster Tax Refund Calculator
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About the Author: Jeremy Vohwinkle is a Chartered Retirement Planning Counselor® and spent a few years working as a financial planner. Today, he helps people make the most of their money by writing about personal finance here and elsewhere on the web. Jeremy is also Coach at Adaptu and a regular contributor for other publications such as Intuit, and American Express. Be sure to follow Jeremy on Twitter or Google+.
I had horrible luck with the Tax Caster. I have one job, make very little so it should have been straight forward. The Tax Caster said I'd get back over $500, but when I actually did my taxes I ended up owing! Beware!
I have been using turbo tax for the last two years and I am trying a certified CPA for the very first time because I made a lot more money last year.