Internet Tax Connection Proudly announces online free tax calculator to empower people to navigate the complexities of tax and finance with ease and accuracy because at the end of every year everybody needs to calculate their tax before he or she make any payment. Internet Tax Connection the convenient tax refund calculator that’s up to date with the latest tax laws. This free tax return estimator tool accurately forecasts your 2018 federal income taxes to show how much you may get back or what you may owe with tax reform. To see how tax reform affects you, visit our Tax Reform Center.
Internet Tax Connection has been adding more and more “freemium” tools to its package online with TurboTax, and the latest calculator has been pretty impressed. For individuals that have more complex tax situations, there are some options within the Tax Caster. For example, if you own a home, there is a module for the mortgage tax deduction, and for filers with children, there is an option for the child tax credit. Once you calculate your total income, you can determine what your tax bracket will be, which is published annually by the IRS through its website. To adjust your total income and tax bracket, you can utilize various functions such as tax deductions and tax credits which often will lower the total taxes due.
“When you first browse to the TaxCaster page on Intuit’s site, you are greeted with a nice landing page and an open canvas approach. It looks great on both a desktop and mobile phone. The application is free to use, and you start by entering some basic tax data such as marital status, income, and withholdings. The screen updates real-time, and guides you through a wizard of selection choices” said the spokesperson of internettaxconnection.com, while talking about the Company.
“As mentioned, the first impression of the TaxCaster is impressive. The interface is high-speed and easy to use. However, one of the more difficult aspects of using the calculator is that you need some basic background on your tax situation fairly early in the process. We recommend grabbing a copy of your most recent pay stub and any other tracking documents you have available for the tax calculator, as you will be able to reference information you will need” he added.
The calculations behind the TurboTax TaxCaster are all based on the general principles of accounting and the rules and laws set forth by the Internal Revenue Service (www.irs.gov). It is essential to have a basic understanding of how you pay your taxes, and with the plethora of tools available, you can quickly familiarize yourself with a basic understanding of how taxes are calculated.
As you get into using the tool, the beauty of the TurboTax online tax calculator is that it continues to compile your information real-time on the screen. After about 5 minutes of quick entry, we gleaned a reasonably accurate picture of what our tax filing situation was going to look like.