H&R Block Free Tax Estimator
Use the H&R Block Free tax estimator calculator to get an estimate of what your taxes will be. Know ahead of time weather you will owe taxes or be getting a refund.
HR Block Tax Estimator Calculator for 2018 - 2019
One of the most stressful parts of tax preparation is not knowing where you stand with the IRS. Fortunately the income tax calculator from H&R Block is easy to use, and in just a few minutes you can get a close estimate of your tax liabilities.
For myself, not knowing is the long drawn out uncertain part of tax return filing. So I use the tax estimator every year to lower my stress level. Sure if i find I owe more it's not a great feeling but, it gets me accepting my situation and working toward it's resolve quicker.
Just answer some questions and enter the ballpark numbers where needed and the H&R Block Tax Estimator does the rest. It's just a good practice to know where you stand ahead of time. It could just keep you from spending money your going to need to pay your liabilities.
Plus, if you find you going to be getting money back, it gives you time to plan for what you want to do with your refund.
The H&R Block tax calculator will allow tax filers to calculate how much each of the federal taxing agencies will take from your income.
These taxing agencies, or entities include
- Federal income tax
- Social Security tax
- Medicare tax
Yup, they all want a piece of you!
H&R Block Free Tax Calculator
So here's the plan, it's time to take control of your financial tax planning and understand how tax breaks can offer all kinds of tax deductions that will end up lowering your taxable income.
What is taxable income you ask?
Well, taxable income is the net income figure derived from reducing your gross income with tax deductions, and work related expenses that Uncle Sam does NOT tax you for. Once your gross income has been reduced by the proper amount through this process, your net income is realized (or taxable income).
Yippee you say, now I get to go through all this hassle of trying to figure out what these deductions are. Well, NO, Not really that bad. With a quality tool like the H&R Block Federal Tax Calculator, you can tackle this project in minutes.
That's right! These tax calculator tools allow you to punch in tax deduction information and get your tax bill shriveled down to size. Plus, you can test different scenarios to see which way you can get the best results from your tax planning.
Nobody likes to pay taxes, so it's a wise move to ensure you're not paying in more to Uncle Sam that you are required to.
Try one of these tax season tools by clicking the links above and see how well it helps you reduce your tax bill this year...
Practicing Better Financial Tax Planning
The approximate amount of your tax bill to be, is generated with the calculator to give you a good picture of what to expect. This could no doubt help you think differently about a lot of things that effect your taxes.
Factors like where you live, what your family situation is, whether you should change jobs or shop differently can all impact your ability to pay your taxes.
It’s all great information to have in your arsenal as you work toward better financial planning with your tax preparation and financial decision-making.
Be wise! don't leave your tax bill to change. Staying on top of your financial responsibilities will enable you to make better financial decisions every day.
Note: To show you a more accurate figure and see where all that hard-earned money you pay to Uncle Sam goes, use the H&R Block Tax Calculators that also include Social Security, Medicare, and Deductions along with your federal tax liability into account for full tax obligation calculations.
The H&R Block Calculator calculates deductions that can include dependents you have, child care costs, the default standard deduction, contributions to a retirement plan, medical and educational costs and more.