If you are wondering how much of a Federal tax refund you will get, it’s possible to estimate the amount of your refund with the H&R Block Tax Calculator.
By entering in your income and answering a few simple questions, you can have a good idea of how much you’ll get back from the IRS.
Today, we are sharing how to estimate your tax refund amount for free.
How to Use the H&R Block Tax Calculator
Here is how you can estimate your tax refund in just a few minutes.
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As the year ends, many folks start to look at their taxes and assess how much money they might be getting back in their tax refund. The H&R Block tax calculator 2022 is available online for free to estimate your tax refund.
Given that this tool comes in handy, we wanted to break down the H&R Block Tax Calculator’s process and provide a little education on how the H&R Block Tax Calculator works.
The H&R Block Tax Calculator 2022 is Easy to Use
There are numerous “free tax calculators” that you can find online that will help in the process of estimating your tax situation.… Read the rest
The entire tax code was reformed under President Trump’s Tax Cuts and Jobs Act (TCJA). The TCJA has changed many things about the Child Tax Credit. These new rules apply to the new tax season.
How Much do I Get Back for a Child?
Under the TCJA, the Child Tax Credit saw a substantial increase to $2,000 per qualifying child. Up to $1,400 of this amount is refundable, depending on your income. This has doubled the previous amount, and the Child Tax Credit was previously only refundable if you were also claiming the Additional Child Tax Credit.… Read the rest
Under current IRS rules, you can deduct a certain amount in mileage rates if you are using your vehicle for business reasons. Every year, the IRS publishes a list of the current standard mileage rates and the amount you can deduct on your taxes.
Let’s look at the standard mileage reimbursement rate and the types of mileage that are tax-deductible.
How Much is the Current Standard Mileage Rate?
The current standard mileage rate is calculated through an annual study of businesses, where the fixed and variable costs of operating a vehicle for business is calculated.… Read the rest
The major tax law changes implemented and the Tax Cuts and Jobs Act (TCJA) has a lot of people worried about what it could mean for their taxes. People have a lot of questions, but we can help prepare you for the things that lie ahead.
To provide a range of useful tools to their clients, H&R Block has unveiled a brand new feature to help taxpayers understand the impact of the recent tax reform.
You’ll be able to find out your new tax liability.… Read the rest