Estimate Income Taxes
Income Tax Tools and Tips That Help Taxpayers Navigate Tax Season Tasks
TurboTax TaxCaster Calculator Users Guide for 2018 - 2019
With today's ever changing tax code it's easy to get confused with IRS tax calculations and miss out on tax breaks that could be boosting up your federal income tax refund.
Fortunately were here to help, and the tool that we will be using to teach you how to take control of your tax planning is the TurboTax TaxCaster Tax Calculator. It's a tax tool that can truly simplify your understanding and expertise for smart income tax practices.
First of all, this tool can be used online, or by downloading the TaxCaster application for smartphones, and notepads/ipads. Best of all -- this TurboTax Tax Calculator is free!
TurboTax TaxCaster Tutorial
So lets get started. TaxCaster — offers a plain English easy to follow income tax calculator interface that allows you to estimate your tax return refund with ease.
Being fully updated every year with the latest tax laws, it can help you take advantages of tax breaks all while accurately forecast your federal income tax liability. This will help you determine the size of your refund, or the amount of taxes you may owe.
The TaxCaster start screen (My Info) as seen here, walks you through a series of questions designed to get to the nuts and bolts of what personal tax filing status you should be using and what tax laws may effect you.
This includes your age, marital status, and dependents.
As a married individual you have the option of filing together, or independently. For various reasons, one may benefit you more than the other to enhance your tax refund.
As for dependants, they help lower you overall taxable income with deductions, and the TaxCaster App will walk you trough that process to help you save some bucks!
Taxable Income 2018 - 2019
The next step begins with the TurboTax TaxCaster Income Screen. Here is where you will enter the amount of income you earned or received during the 2018 tax year, along with how much you have already paid in witholdings. These are reported when filing your tax return in April 2019.
Start with your total taxable wages from W2 forms and other income, including self employment, unemployment, rentals, interest, dividends, stock sales and the like.
You will also be instructed to enter any taxes you have already paid for the year through paycheck withholdings or quarterly tax payments.
Tax Breaks and Deductions
Here TaxCaster offers the ability to enter deductions like education, home, retirement fund, charitable, and others that will allow you to lower your overall tax bill.
In this day and age, it's nice to have an all like the TurboTax TaxCaster that does such a good job of helping taxpayers lower their tax bills by taking advantage of tax breaks.
A super great tidbit about the TurboTax TaxCaster is that this tax calculators doesn't require any personal identity information. You can use it anonymously! regardless of whether you are a TurboTax customer or not.
TurboTax TaxCaster Wrap-up!
Tax season is always far less stressful when you have the right tools in your arsenal. As tax season rolls around and you find yourself contemplating where your tax obligation lie's with Uncle Sam, The quick and easy solution is to use TaxCasater to estimate income taxes online to reduce your anxiety.
Let's face it, tax season is not a favorite time of year for most of us. However, reducing stress levels is no doubt the best solution to coping with your unknown tax liability. How do you do that? Well, get rid of the unknown!
Take the time to estimate income taxes and get your mind focused
on meeting your tax obligation instead of wondering what it is.
Income Tax Estimator Checklist
Take a look at our checklist for what's needed when you sit down using TaxCaster to estimate income taxes and determine what Uncle Sam will be requesting from your piggy bank.
The TurboTax TaxCaster tax tool will help you estimate income taxes in just a few minutes so that you can be better prepared for Uncle Sam.
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