How Much Am I Expected to Get Back in Taxes
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- TaxCaster Free Tax Calculator
Income Tax Calculator 2021
Estimate your tax refund
Quickly estimate your 2021 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.
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TurboTax Free Edition
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Free federal and state
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
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* Important offer details and disclosures
TURBOTAX ONLINE GUARANTEES
- TurboTax Free Edition: $0 Federal + $0 State + $0 To File offer is available for simple tax returns only with TurboTax Free Edition. A simple tax return is Form 1040 only (without any additional schedules). Situations covered:
- 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
- Student Loan Interest deduction
- 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. Limitations apply. See Terms of Service for details.
- Maximum Refund Guarantee / Maximum Tax Savings 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.) Limitations apply. See Terms of Service for details.
- 100% Accurate Expert-Approved Guarantee: If you pay an IRS or state penalty (or interest) because of an error that a TurboTax 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. Limitations apply. See Terms of Service for details.
- Audit Support Guarantee: If you receive an audit letter based on your 2021 TurboTax return, we will provide one-on-one question-and-answer support with a tax professional as requested through our Audit Support Center for audited returns filed with TurboTax for the current tax year (2021) and the past two tax years (2020, 2019). We will not represent you before the IRS or state agency or provide legal advice. 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.) Excludes TurboTax Business. Limitations apply. See Terms of Service for details.
- Satisfaction Guaranteed: 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.
TURBOTAX ONLINE/MOBILE PRICING:
- 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 and has limited functionality; offer may change or end at any time without notice. Actual prices for paid versions are determined based on the version you use and 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 March 31, 2022 to be eligible for the offer. Includes state 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 March 31, 2022, you will be charged the then-current list price for TurboTax Live Basic and state tax filing requires an additional fee. See current prices here.
- TurboTax Live Full Service Basic Offer: Offer only available with TurboTax Live Full Service Basic and for simple tax returns only. Must file by 2/15/22 to be eligible for the offer. Includes free state(s) and one (1) free federal tax filing. Intuit reserves the right to modify or terminate this TurboTax Live Full Service 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 2/15/22 you will be charged the then-current list price for TurboTax Live Full Service Basic and state tax filing is an additional fee.
- 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.
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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 TurboTax out of your federal refund: A $39 Refund Processing Service fee applies to this payment method. Prices are subject to change without notice.
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- 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, 2022. Intuit will assign you a tax expert based on availability. CPA availability may be limited. 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 the TurboTax Live product, 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. Administrative services may be provided by assistants to the tax expert. Payment by federal refund is not available when a tax expert signs your return. On-screen help is available on a desktop, laptop or the TurboTax mobile app. Unlimited access to TurboTax Live tax experts 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 complicated tax situations will require an additional fee, and some will 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. Additional limitations apply. 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 Free Edition, Deluxe, Premier, Self-Employed, TurboTax Live, TurboTax Live Full Service customers and access to up to the prior seven years of tax returns we have on file for you is available through 12/31/2023. 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 2021 tax return online for up to 3 years after it has been filed and accepted by the IRS through 10/31/2024. Terms and conditions may vary and are subject to change without notice. For TurboTax Live Full Service, your tax expert will amend your 2021 tax return for you through 11/30/2022. After 11/30/2022 TurboTax Live Full Service customers will be able to amend their 2021 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 2020 TurboTax products.
- America's #1 tax preparation provider: As the leader in tax preparation, more federal returns are prepared with TurboTax than any other tax preparation provider.
- #1 online tax filing solution for self-employed: Based upon IRS Sole Proprietor data as of 2020, tax year 2019. Self-Employed defined as a return with a Schedule C/C-EZ tax form. Online competitor data is extrapolated from press releases and SEC filings. "Online" is defined as an individual income tax DIY return (non-preparer signed) that was prepared online & either e-filed or printed, not including returns prepared through desktop software or FFA prepared returns, 2020.
- Most Popular: TurboTax Deluxe is our most popular product among TurboTax Online users with more complex tax situations.
- CompleteCheck: Covered under the TurboTax accurate calculations and maximum refund guarantees. Limitations apply. See Terms of Service for details.
- 1099-NEC Snap and Autofill: Available in TurboTax Self-Employed and TurboTax Live Self-Employed. 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. This product feature is only available after you finish and file in a self-employed TurboTax product.
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TURBOTAX CD/DOWNLOAD:
- Installation Requirements: Product activation required via Internet. Download option requires free online Intuit account. You must accept the TurboTax License Agreement to use this product TurboTax.com/softwarelicense. Not for use by paid preparers.
- TurboTax CD/Download Products: Price includes tax preparation and printing of federal tax returns and free federal e-file of up to 5 federal tax returns. Additional fees apply for e-filing state returns. E-file fees do not apply to New York state returns. Savings and price comparison based on anticipated price increase. Software updates and optional online features require internet. All features, services, support, prices, offers, terms and conditions are subject to change without notice.
- Fastest Refund Possible: Fastest federal 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.
- TurboTax Product Support: Customer service and product support hours and options vary by time of year.
- #1 best-selling tax software: Based on aggregated sales data for all tax year 2020 TurboTax products.
- Data Import: Imports financial data from participating companies; may require a free Intuit online account. Quicken and QuickBooks import not available with TurboTax installed on a Mac. Imports from Quicken (2019 and higher) and QuickBooks Desktop (2019 and higher); both Windows only. Quicken import not available for TurboTax Business. Quicken products provided by Quicken Inc., Quicken import subject to change.
- 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. Limitations apply. See License Agreement for details.
- Maximum Refund Guarantee / Maximum Tax Savings 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. Limitations apply. See License Agreement for details.
- Audit Support Guarantee: If you receive an audit letter based on your 2021 TurboTax return, we will provide one-on-one question-and-answer support with a tax professional as requested through our Audit Support Center for audited returns filed with TurboTax for the current tax year (2021) and the past two tax years (2020, 2019). We will not represent you before the IRS or state agency or provide legal advice. 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. Excludes TurboTax Business. Limitations apply. See License Agreement for details.
- Satisfaction Guarantee/ 60-Day Money Back Guarantee: If you're not completely satisfied with TurboTax Desktop, go to refundrequest.intuit.com within 60 days of purchase and follow the process listed to submit a refund request. You must return this product using your license code or order number and dated receipt.
How Much Am I Expected to Get Back in Taxes
Source: https://turbotax.intuit.com/tax-tools/calculators/taxcaster/