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 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
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:
When you file your taxes, your adjusted gross income (AGI) can impact your eligibility for deductions and credits that can boost your tax refund.
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 filing status determines the amount of your standard deduction and your tax rate and bracket. See which filing status you should choose.
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.