You can use a TurboTax return calculator to calculate your income tax. This saves your time and you don’t have to prepare a return to calculate the tax amount. This calculator doesn’t just help you in creating the estimate of your Income Tax bill but also helps you in determining the exact amount of withholding. Additionally, it can help you know how the IRA contributions affect the amount of Income tax calculated. Moreover, it gives you a fair idea of the refund amount that you are going to receive. You must keep in mind that the refund amount estimate is the result of the information you enter. |