How Accurate Is Turbo Tax Calculator? Tax Relief Center

intuit refund calculator

This Refund Advance offer expires on April 18, 2023, or the date that available funds have been exhausted, whichever comes first. Offer, eligibility and availability subject to change or cancellation at any time without notice. April 17 is also Patriot’s Day, a state holiday in Maine and Massachusetts. As a result of all of this, the deadline for filing federal income tax returns , will be Tuesday, April 18, 2023, and most states usually follow the same calendar for state income tax returns. The version of MyFreeTaxes by United Way that we recommend runs on TaxSlayer’s platform, and it has a free filing tier for anyone who makes less than $73,000 a year. (IRS Free File also has a partnership with TaxSlayer itself, but that offering is restricted to individuals who make $60,000 or less and are age 57 or younger.) But we don’t particularly like TaxSlayer’s interface.

The best way to file your tax return is electronically, and you should do it as soon as possible. When you file electronically, you’ll get your refund quickly, and doing so can help thwart identity theft. As of February 2023, the IRS still had a backlog of over 1.8 million 2021 returns and late-filed prior-year returns.

H&R Block Free Online

You can also click into it to get a detailed breakdown of what factors are currently affecting your refund. A fully online application sets this provider apart from the crowd. Microsoft officials said they decided Friday to abandon their plans to pay about $2 billion to acquire Intuit, based in Menlo Park, Calif. Microsoft agreed to pay $46.2 million to Intuit for forfeiting the deal.

intuit refund calculator

A tax pro who knows you can provide personalized advice and help you save money in future tax years. Should you have any problems with the IRS, your CPA or EA will be available to help . But your mileage may vary, of course, and it can take work to find a good accountant or tax pro. The last tax pro Kaitlyn hired failed to account for all of her family’s medical expenses and incorrectly assigned them the standard deduction, instead of the more-beneficial itemized deduction. As is true of finding a trustworthy dentist or home-improvement contractor, asking people you know for references is usually a good way to go. When should you hire a CPA or tax preparer, and when can you do your taxes yourself?

H&R Block Pros and Cons

TurboTax’s flow made the most sense, and it had the fewest errors, very rarely dumping us back to a top-level menu when we clicked the Back button and never trapping us in endless loops due to missing information . In our tests, most other tax apps had runs of five or more similar questions asked in succession, or they had very long lists of dozens of irrelevant deductions or topics to click. Prior to becoming an editor, she covered small business and taxes at NerdWallet. She has been a financial writer and editor for over 15 years, and she has a degree in finance, as well as a master’s degree in journalism and a Master of Business Administration. Previously, she was a financial analyst and director of finance for several public and private companies.

How do I figure out my refund amount?

Every year, your refund is calculated as the amount withheld for federal income tax, minus your total federal income tax for the year.

That’s not all Intuit did to limit the scope of Free File. Intuit purposefully suppressed its own Free File product. It added website code to block its Free File page from showing up in search engines and used manipulative marketing patterns to trick customers into paying for TurboTax even when they qualified for Free File. Although the last two tax filing seasons were significantly impacted by the Covid-19 pandemic, and the IRS extended both deadlines, the IRS is not expected to extend the tax filing deadline for 2023. It looks like you’re using an ad blocker that may prevent our website from working properly. To receive the best experience possible, please make sure any blockers are switched off and refresh the page.

How much does it cost?

Also, you generally have to pay tax on income when you sell something for more than your basis . Late payments and other factors can have a negative impact on your score, including activity with your other credit accounts. The next or W-4 Pro section is not required to estimate your 2022 intuit refund calculator tax return results. Just click Next below if you wish to create or adjust your year 2023 IRS Tax Withholding amounts via the Form W4. Send your TaxCaster data over to TurboTax to pre-select questions and start filing. US Mastercard Zero Liability does not apply to commercial accounts .

  • This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
  • This tax calculator is for 2022 Tax Returns due in 2023 and is constantly being updated with the latest IRS finalized 2022 tax data.
  • TurboTax is the best online tax software because of its thorough and intelligent interview process.
  • You simply answer questions and your return gets filled in behind the scenes.
  • That could make even the cost of TurboTax Self-Employed (which starts at $173 to file one federal and one state return) look appealing.