How Much Will You Get Back in Taxes?
TAXCASTER
Tax Calculator 2021
Estimate your refund with TaxCaster, the free tax calculator that stays up to date on the
latest tax laws.
We recommend
TurboTax Free Edition
Simple tax returns
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Frequently asked questions
Enter some simple questions about your situation, and TaxCaster will estimate your tax refund amount, or how much you may owe to the IRS. TaxCaster stays up to date with the latest tax laws, so you can be confident the calculations are current. The results are only estimates however, as various other factors can impact your tax outcome. When you file with TurboTax, we'll guide you step by step to ensure your taxes are done accurately. Start TurboTax for free
To lower the amount you owe, the simplest way is to adjust your tax withholdings on your W-4. Our W-4 Calculator can help you determine how to update your W-4 to get your desired tax outcome.
There are a variety of other ways you can lower your tax liability, such as:
- Taking advantage of deductions
- Making charitable contributions
- Maximizing your business expenses
Read more tips from TurboTax experts
The standard deduction is a set amount based on your filing status. Itemized deductions are ones you can claim based on your yearly expenses. It makes sense to choose whichever will yield you the greatest tax break, but if you choose to itemize deductions, you'll need to keep track of your expenses and have receipts or documentation ready.
Read more about standard and itemized deductions
More about tax refunds
TAX PLANNING
8 Common Life Events That Affect Your Taxes
See how life events like getting married, going back to school, or having a child can change your tax refund.
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TAX REFUND
12 Smart Things to Do With Your Tax Refund
Anticipating a tax refund after using our tax refund estimator? Set yourself up for the future by making smart
money decisions.
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TAXABLE INCOME
What Is Adjusted Gross Income (AGI)?
When you file your taxes, your adjusted gross income (AGI) can impact your eligibility for deductions and credits that can boost your tax refund.
Read more
TAX DEDUCTIONS AND CREDITS
What Are Tax Credits?
Tax credits can reduce how much income tax you owe, and can add to your tax refund. However, tax credits come with requirements you must satisfy before claiming them.
Read more
How Much Will You Get Back in Taxes?
Source: https://turbotax.intuit.com/tax-tools/calculators/taxcaster/
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