Tax Calculator
General Information
Estimated Refund $0.00
Filing Status:
Total Income:
Adjustments:
AGI:
Deductions:
Taxable Income:
Tax before credits:
Credits:
Withholdings:
Disclaimer and Assumption
Estimated tax calculations are based only on information that you have entered at this point. The following are some of the assumptions based on your entries:
If you selected “Head of household” filing status, with no dependents, we are assuming your filing status is “Single” because having qualified dependents is a requirement of “Head of household” filing status.
We estimate your adjusted gross income based off the earned income wages and business income or losses you have entered, including an adjustment for any deductible self-employment tax.
If you entered any interest and dividends, we are assuming for estimated tax calculations that all dividends are regular, not qualified.
Regarding the Child Tax Credit, we are assuming all your dependents have social security numbers, an eligible relationship to you or your spouse, did not provide their own financial support or file a joint return, and are U.S citizens, national, or resident aliens.
Regarding the estimate of Earned Income Credit, we are assuming that you, your Spouse, and your dependents have social security numbers, are US citizens or US residents, with no foreign income
If you entered student loan interest, we are assuming your interest was paid on a qualified student loan on which you are legally obligated to pay interest, and which was taken out solely to pay qualified higher education expenses that were:
For you, your spouse, or a person who was your dependent when you took out the loan
For education provided during an academic period for an eligible student
Paid or incurred within a reasonable period of time before or after you took out the loan.
If you entered charitable contributions, we are assuming your contributions are qualified.
Any childcare or dependent care expenses you entered are qualified expenses paid for the care of qualified dependents.
We consider your possible eligibility for American Opportunity Credit and Lifelong Learning Credit based on college education expenses you have entered, assuming you and your dependent student have social security numbers and qualify in all ways defined by the IRS.
If you selected “Head of household” filing status, with no dependents, we are assuming your filing status is “Single” because having qualified dependents is a requirement of “Head of household” filing status.
We estimate your adjusted gross income based off the earned income wages and business income or losses you have entered, including an adjustment for any deductible self-employment tax.
If you entered any interest and dividends, we are assuming for estimated tax calculations that all dividends are regular, not qualified.
Regarding the Child Tax Credit, we are assuming all your dependents have social security numbers, an eligible relationship to you or your spouse, did not provide their own financial support or file a joint return, and are U.S citizens, national, or resident aliens.
Regarding the estimate of Earned Income Credit, we are assuming that you, your Spouse, and your dependents have social security numbers, are US citizens or US residents, with no foreign income
If you entered student loan interest, we are assuming your interest was paid on a qualified student loan on which you are legally obligated to pay interest, and which was taken out solely to pay qualified higher education expenses that were:
For you, your spouse, or a person who was your dependent when you took out the loan
For education provided during an academic period for an eligible student
Paid or incurred within a reasonable period of time before or after you took out the loan.
If you entered charitable contributions, we are assuming your contributions are qualified.
Any childcare or dependent care expenses you entered are qualified expenses paid for the care of qualified dependents.
We consider your possible eligibility for American Opportunity Credit and Lifelong Learning Credit based on college education expenses you have entered, assuming you and your dependent student have social security numbers and qualify in all ways defined by the IRS.