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TurboTax Premier
Investments and rental property
We recommend
TurboTax Deluxe
Maximize your tax deductions
We recommend
TurboTax Self-Employed
Small business owner or sole proprietor
We recommend
TurboTax Free Edition
Simple tax returns
Income Tax Calculator 2020
Estimate your tax refund
Quickly estimate your 2020 tax refund with TaxCaster. This free tax calculator helps you see how much you may get back,
or what you may owe, before you file your tax return.
DOWNLOAD THE APP
Estimate your refund anytime,
on the go
Download the TaxCaster Tax Calculator App to your Android
or iPhone. We save your information — change it anytime and
our tax calculator will show you how it affects your federal
tax refund.
How are tax refunds calculated?
Put simply, if more income taxes were withheld from your paychecks than you owed for the year, you’ll get a tax refund. Tax deductions and credits can reduce what you owe or add to your refund. To better understand your income taxes, check out the articles below:
TAX PLANNING
8 Common Life Events That
Affect
Your Taxes
See how life events like getting married, going back to school, or having a chilld can change your tax refund.
Read more
TAX REFUND
12 Smart Things to Do With
Your
Tax Refund
Anticipating a tax refund after using our tax refund estimator? Set yourself up for the future by making smart
money decisions.
Read more
TAXABLE INCOME
What Is Adjusted Gross Income (AGI)?
When you file your taxes, your adjusted gross income (AGI) can impact your eligibility for deductions and credits that can boost your tax refund.
Read more
TAX BRACKETS
What Is My Tax Bracket?
Different portions of your income are taxed at different rates. Under the federal income tax system, “tax bracket” refers to the highest tax rate charged on
your income.
Read more
WITHHOLDING ALLOWANCES
What Is a W-4 Form?
Your W-4 form determines how much money is withheld from each paycheck for federal taxes -- which affects whether you get a tax refund or owe taxes.
Read more Visit our W-4 Calculator
EXEMPTIONS
What Are Tax Exemptions?
Similar to deductions, tax exemptions can reduce your tax bill. In this article, see whether you are entitled to
any exemptions.
Read more
FILING STATUS
How to Change Your Tax
Filing Status
Your filing status determines the amount of your standard deduction and your tax rate and bracket. See which filing status you should choose.
Read more
TAX DEDUCTIONS AND CREDITS
What Are Tax Credits?
Tax credits can reduce how much income tax you owe, and can add to your tax refund. However, tax credits come with requirements you must satisfy before claiming them.
Read more
Get more with these free
tax calculators
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Stimulus Check Calculator
See if you qualify for a third stimulus check and how much you
can expect
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W-4 Withholding Calculator
Know how much to withhold from your
paycheck to get
a bigger refund
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Self-Employed
Expense EstimatorEstimate your self-employment tax and
eliminate
any surprises
Get started -
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Dependents Credit &
Deduction FinderKnow which dependents credits and
deductions
you can claim
Get started -
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Education Credit &
Deduction FinderSee which education credits and deductions you
qualify for
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- TurboTax Free Guarantee: $0 Federal + $0 State + $0 To File offer is available for simple tax returns with TurboTax Free Edition. A simple tax return is Form 1040 only (without any additional schedules) OR Form 1040 + Unemployment Income. Situations covered include:
- W-2 income
- Limited interest and dividend income reported on a 1099-INT or 1099-DIV
- Claiming the standard deduction
- Earned Income Tax Credit (EIC)
- Child tax credits
- Unemployment Income reported on a 1099-G
- 100% Accurate Calculations Guarantee: If you pay an IRS or state penalty or interest because of a TurboTax calculation error, we’ll pay you the penalty and interest.
- Maximum Refund Guarantee - or Your Money Back: If you get a larger refund or smaller tax due from another tax preparation method, we'll refund the applicable TurboTax federal and/or state purchase price paid. TurboTax Online Free Edition customers are entitled to payment of $30.
- 100% Accurate Expert Approved Guarantee: If you pay an IRS or state penalty (or interest) because of an error that a tax expert or CPA made while providing topic-specific tax advice, a section review, or acting as a signed preparer for your return, we'll pay you the penalty and interest.
- Audit Support Guarantee: If you received an audit letter based on your 2020 TurboTax return, we will provide one-on-one support with a tax professional as requested through our Audit Support Center for returns filed with TurboTax for the current tax year (2020) and the past two tax years (2019, 2018). If we are not able to connect you to one of our tax professionals, we will refund the applicable TurboTax federal and/or state purchase price paid. TurboTax Free Edition customers are entitled to payment of $30. We will not represent you or provide legal advice. Excludes TurboTax Business.
- Satisfaction Guaranteed:
- If you use TurboTax Online or Mobile:
Satisfaction Guaranteed — or you don't pay. You may use TurboTax Online without charge up to the point you decide to print or electronically file your tax return. Printing or electronically filing your return reflects your satisfaction with TurboTax Online, at which time you will be required to pay or register for the product. - If you bought TurboTax Live from a retailer:
Try TurboTax Live. If you're not satisfied with your purchase and have not filed or printed your return, return it to Intuit within 60 days of purchase with your dated receipt for a full refund (excluding shipping & handling). - If you bought or downloaded TurboTax software from a retailer:
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TURBOTAX ONLINE/MOBILE
- Try for Free/Pay When You File: TurboTax online and mobile pricing is based on your tax situation and varies by product. TurboTax Free Edition ($0 Federal + $0 State + $0 To File) is available for simple tax returns only; offer may change or end at any time without notice. Actual prices are determined at the time of print or e-file and are subject to change without notice. Special discount offers may not be valid for mobile in-app purchases.
- TurboTax Live Basic Offer: Offer only available with TurboTax Live Basic and for simple tax returns only. Must file by May 3, 2021 to be eligible for the offer. Includes state(s) and one (1) federal tax filing. Intuit reserves the right to modify or terminate this TurboTax Live Basic Offer at any time for any reason in its sole and absolute discretion. If you add services, your service fees will be adjusted accordingly. If filed after May 3, 2021, you will be charged the then-current list price for TurboTax Live Basic and state tax filing is an additional fee. See current prices here.
- Pays for itself (TurboTax Self-Employed): Estimates based on deductible business expenses calculated at the self-employment tax income rate (15.3%) for tax year 2020. Actual results will vary based on your tax situation.
- Anytime, anywhere: Internet access required; standard data rates apply to download and use mobile app.
- Fastest refund possible: Fastest tax refund with e-file and direct deposit; tax refund time frames will vary. The IRS issues more than 9 out of 10 refunds in less than 21 days.
- Pay for TurboTax out of your federal refund: A $40 Refund Processing Service fee applies to this payment method. Prices are subject to change without notice.
- TurboTax Help and Support: Access to a TurboTax specialist is included with TurboTax Deluxe, Premier, Self-Employed, TurboTax Live, and TurboTax Live Full Service; not included with Free Edition (but is available as an upgrade). TurboTax specialists are available to provide general customer help and support using the TurboTax product. SmartLook on-screen help is available on a PC, laptop or the TurboTax mobile app. Service, area of expertise, experience levels, wait times, hours of operation and availability vary, and are subject to restriction and change without notice.
- Tax Advice, Expert Review and TurboTax Live: Access to tax advice and Expert Review (the ability to have a Tax Expert review and/or sign your tax return) is included with TurboTax Live or as an upgrade from another version, and available through December 31, 2021. These services are provided only by tax experts or CPAs. Some tax topics or situations may not be included as part of this service, which shall be determined in the tax expert’s sole discretion. For TurboTax Live , if your return requires a significant level of tax advice or actual preparation, the tax expert may be required to sign as the preparer at which point they will assume primary responsibility for the preparation of your return. For the Full Service product, the tax expert will sign your return as preparer. On-screen help is available on a desktop, laptop or the TurboTax mobile app. Unlimited access to tax experts or CPAs refers to an unlimited quantity of contacts available to each customer, but does not refer to hours of operation or service coverage. Service, area of expertise, experience levels, wait times, hours of operation and availability vary, and are subject to restriction and change without notice.
- TurboTax Live Full Service – Qualification for Offer: Depending on your tax situation, you may be asked to answer additional questions to determine your qualification for the Full Service offer. Certain tax situations do not qualify for the Full Service offering. These situations may include but are not limited to multiple sources of business income, large amounts of cryptocurrency transactions, taxable foreign assets and/or significant foreign investment income. Offer details subject to change at any time without notice. Intuit, in its sole discretion and at any time, may determine that certain tax topics, forms and/or situations are not included as part of TurboTax Live Full Service. Intuit reserves the right to refuse to prepare a tax return for any reason in its sole discretion. See Terms of Service for details.
- Smart Insights: Included with TurboTax Deluxe, Premier, Self-Employed, TurboTax Live, TurboTax Live Full Service, or with PLUS benefits and is available through 11/1/2022. Terms and conditions may vary and are subject to change without notice.
- My Docs features: Included with TurboTax Deluxe, Premier, Self-Employed, TurboTax Live, TurboTax Live Full Service, or with PLUS benefits and is available through 12/31/2022. Terms and conditions may vary and are subject to change without notice.
- Tax Return Access: Included with all TurboTax Deluxe, Premier, Self-Employed, TurboTax Live, TurboTax Live Full Service, or prior year PLUS benefits customers and access to up to the prior seven years of tax returns we have on file for you is available through 12/31/2022. Terms and conditions may vary and are subject to change without notice.
- Easy Online Amend: Included with TurboTax Deluxe, Premier, Self-Employed, TurboTax Live, TurboTax Live Full Service, or with PLUS benefits. Make changes to your 2020 tax return online for up to 3 years after it has been filed and accepted by the IRS through 10/31/2023. Terms and conditions may vary and are subject to change without notice. For TurboTax Live Full Service, your tax expert will amend your 2020 tax return for you through 11/30/2021. After 11/30/2021 TurboTax Live Full Service customers will be able to amend their 2020 tax return themselves using the Easy Online Amend process described above.
- #1 best-selling tax software: Based on aggregated sales data for all tax year 2019 TurboTax products.
- Most Popular: TurboTax Deluxe is our most popular product among TurboTax Online users with more complex tax situations.
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- 1099-NEC Snap and Autofill: Available in TurboTax Self-Employed and TurboTax Live Self-Employed starting 1/25/2021. Available in mobile app only. Feature available within Schedule C tax form for TurboTax filers with 1099-NEC income.
- Year-Round Tax Estimator: Available in TurboTax Self-Employed and TurboTax Live Self-Employed starting by end of February. This product feature is only available after you finish and file in a self-employed product.
TURBOTAX CD/DOWNLOAD
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- Fastest refund possible: Fastest tax refund with e-file and direct deposit; tax refund time frames will vary. The IRS issues more than 9 out of 10 refunds in less than 21 days.
- Pay for additional TurboTax services out of your federal refund: A $40 Refund Processing Service fee applies to this payment method. Prices are subject to change without notice. This benefit is available with TurboTax Federal products except TurboTax Business.
- About our TurboTax Product Experts: Customer service and product support vary by time of year.
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