When you’re getting ready to compile your taxes it makes sense to want to know exactly how much to expect back in a return from the IRS.
You may have some legitimate reasons for needing to know the amount of your return. Perhaps, you’re depending on that money for a particular purchase or for cash-flow purposes.
Regardless of the reason for wanting to know, it’s not always easy to figure out a reasonably accurate estimation of your potential tax return.
The good news is that there are now easy-to-use online tools to help. Enter: the tax refund calculator for 2016.
Follow the above link and learn about two specific tax refund calculators that are available for free online.
Keep in mind when using such online tax return calculators you’ll need to estimate your withholdings. Because of this, the calculation of your return will be approximate. However, it should be a close indication of what to expect.
With fourth quarter of 2015 upon us, 2016 is closer than you think. Now is the time to begin preparing your tax information.
Posted by Nick Venturella
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