TurboTax Tax Estimator
TurboTax is a leading provider of tax season tools. As one of the top choices for American tax payers, they offer many products that simplify tax season tasks.
This simple to use tax estimation tool can be used online through the TurboTax Website, or by downloading the Smartphone application to your iphone, android, or windows phone, and other tabloid devices.
One big advantage as well as a comfort feature is the fact that no personal identification information is required to use this application. No name, social security number or identification information.
Plus: you don't need to be a TurboTax customer to use this product, it is offered up for free to anyone that wishes to use the TurboTax Tax Estimator.
How the TurboTax TaxCaster Tax Estimator Works
The TurboTax TaxCaster allows you to update and make changes to your calculations anytime, anywhere. This is a great way to see how changes in your life effect your income tax bill.
Then you will enter your tax deductions including dependants, unreimbursed job costs, and other tax deductible expenses.
Then you can deduct your exemptions to insure your deducting the proper amount.
This will give you your taxable income which is also described as your net income, or taxable income after deductions.
You can then plug in the amount of taxes you have already paid either through employee paycheck withholding, or quarterly payments.
Once this is all done you will be presented with your tax refund amount or the amount of taxes you still owe.
Keep in mind that if you are using the TurboTax Tax Estimator with the TaxCaster App, you can make adjustments on the fly to see how it effects you.
Thinking about making a charitable donation or contribution? Plug it in and see how it effects your bottom line tax bill.
The TurboTax TaxCaster App Is Handy Anytime
Deduction are something we all need to pay special attention to. By ignoring this taxpayer friendly benefit you no doubt will be paying more taxes than you are really required to. Don't let that happen to you.
Uncle Sam does NOT spend out tax money wisely, so you might as well make every effort to keep as much of your hard earned income as you can. I think you can spend your cash far more efficiently that our government does!
So step up to the plate and take a swing at keeping better track of your federal income tax liability all year long and you will find that it makes you a far more wise and efficient tax planner...