alternative minimum tax estimator

Tax Refund Estimator - Tax Return Estimator - How to Use it
Would you like to do a quick estimate of your taxes before tackling the real thing? By entering some basic information regarding your earnings, filing status, and deductions you can get a quick estimate of your Federal tax refund or amount you owe Uncle Sam.

The Turbotax online website has a tax return estimator that you can use for free. Use this handy planning tool to figure out how much of a tax refund you’ll get or how much you’ll owe.

How to use the tax estimator - Just enter this basic info

• You and your family This is where you enter your filing status. Single, married filing jointly, married filing separately, or head of household. Number of dependents are also entered here.
• Earnings and Income Money you earned from wages, self-employment and investments are entered into the tax refund estimator here.
• Deductions and personal expenses Enter your amounts into these pre-set categories: Medical expenses, real estate and personal property taxes, home mortgage interest and points, home equity loan interest, charitable contributions, alimony you paid, child care expenses, and other miscellaneous deductions.
• Withholding taxes Enter the amount of your Federal income tax withheld, and State income tax withheld.

After entering your information the tax estimator will give you a summary of your tax situation. This summary will give you a good idea of your tax refund amount or taxes you owe. After you’ve used the tax refund estimator you’ll also get a list of tax tips for your situation.

alternative minimum tax estimator

alternative minimum tax estimate

How To Estimate Your Irs Tax Refund In Advance, For Free
Wouldn’t it be nice to know how much your income tax refund check will be. It’s like having money in the bank. Yes, there is a simple way to estimate your tax refund in advance and it won’t cost you a dime.

I’m about to show you how you can estimate your Federal IRS income tax refund or return in advance, for free!

How to estimate your income tax refund

Forget about using pen, paper and a calculator, we’re going to estimate your taxes with the help of the Internet. Using an online tax refund estimator, we can get this done in about 10-15 minutes. The tax refund estimator will need to gather information about you, to make an estimate. All you have to do is make simple entries.

Here is how and what you’ll be asked:

Screen 1. Your filing status, age, your children and other dependents.

Screen 2. Earnings, gross wages and self employment income.

Screen 3. Any investment income such as interest, dividends and capital gains.

Screen 4. Any other income such as rental, royalty , partnerships, trusts, tax refunds, alimony, unemployment, social security and any other income.

Screen 5. Ira and education expenses such as Ira contributions, student loan interest, college tuition and expenses.

Screen 6. Expenses, business and work related, self employed health insurance, moving, Keogh and other.

Screen 7. Deductions and personal expenses such as medical, real estate, mortgage interest, home equity loan, charitable contributions, alimony you paid, child care, gambling losses, theft and other.

Screen 8. Miscellaneous tax items. These tax items apply to relatively few people. AMT and other misc.

Screen 9. Withholding, Federal income tax withheld, State income tax withheld and future withholding if before end of tax year.

Screen 10. Tax payments you have made or will make for this year.

And now what you’ve been waiting for.

The Results! That’s it, you’ll know how much your tax refund will be, so you can make important financial decisions.

alternative minimum tax estimate