The TurboTax free Tax refund calculator is a pretty nifty little tool on their website that lets you play around with estimated and total deductions, exemptions, income, and refunds for your tax return based on your age, demographics, and income information.
You can pull up the TurboTax tax refund calculator on their website and fill in the blanks about whether or not you are the head of your household, what age you are, estimations on your income and how much deductions you are going to take and how many exemptions you will claim.
Then, TurboTax does the work to estimate what your tax refund will be come 2013 when you do your taxes.
So What's The Benefit Of All This?
It's great to play around with fake money, and it's always fun to turn your numbers way up to get a big fake refund on the TurboTax calculator, but who cares if it's just a model, right?
Well, TurboTax tools can make life easier when it comes tax time, because if you can estimate correctly and figure out how much you might be getting back, you can make financial plans and estimations on other important things in your life.
Tools and technology are a great way to make your life better and more efficient, and TurboTax aims to do just that with things like the TurboTax tax refund and return calculator.
And if you can use technology to improve your life and estimate how your finances might look in the coming year while understanding your tax burden, well, that's just a win-win for everyone involved!
Taxes are difficult to do, and tax returns are complicated and overly detailed. Companies like TurboTax get that, and understand that transparency in the process is important.
If you can use the TurboTax calculator and understand more or less how much you can expect to get back in refunds from your 2012 tax burden, you can make smarter spending and saving choices for your family and be a better prepared financial entity.
Things like the TurboTax tax refund calculator go a long way to promoting this authenticity and working on helping families and individuals manage and verify their financial planning so that, come tax day, there are absolutely no surprises about what you owe the IRS and what you can expect to get back.
You can access the full array of TurboTax tax calculators at