TurboTax TaxCaster Electronic Tax Calculator Users Guide
The 2019 - 2020 TurboTax Tax Calculator is a FREE tax season estimator that would be a great addition to anyone's tax tool arsenal. This calculator is called the TurboTax TaxCaster and it is available for use online, or it can be downloaded as a Smartphone app.
TurboTax TaxCaster Review:
Thankfully, TaxCaster from TurboTax helps users figure out whether to expect the burden of having to cut a check to the IRS, or if they have the pleasure of letting Uncle Sam send some money their way.
While this app requires financial data, no personal identification is required. Just plug in tax withholding, donations, deductions, dependents; exemptions, and other data so that the app will give an accurate estimate of how much you can expect as far as payments or refund amounts.
How To Calculate Taxes with TurboTax TaxCaster for the 2019 - 2020 Tax Season.
The convenience of this app allows tax filers to make changes to the data entered at anytime, anywhere, to see how life changes like buying a home or getting married will effect your tax liabiity.
Calculating Taxes with the TurboTax TaxCaster App
This TurboTax TaxCaster App is my favorite year round tax tool. I keep it on my iphone throughout the year so that as I encounter financial changes that can change my income tax liability like making charitable donations, or getting a raise, I can make adjustments on the go in seconds and see how those changes effect my tax bill.
What I like most about the TurboTax TaxCaster App is that after you install it on a android or iphone, it saves any data you enter so that when you need to make changes all you have to do is make those adjustments and the app recalculates based on the new information and all other previously entered data.
I love being able to make easy adjustments throughout the year and on the spot. This keeps me from forgetting about that donation I made, or the retirement contribution I invested in that can change the outcome of my tax bill.
With the TurboTax TaxCaster I'm always aware of my year end income tax liability with Uncle Sam.
How To Use The TurboTax TaxCaster App
It's extremely easy to get started with the TurboTax TaxCaster App by filling out the About You page where you will enter your marital status, age, and number of dependants along with child care credit information.
Then you will move on to the Your Income page where you can enter your income earned and any taxes that were withheld from your paychecks by your employer.
Self employed tax filers will enter their income under business income and enter their quarterly Internal Revenue Service Self Employment tax payments to properly calculate their taxes.
The best part of this application is the fact that you can go back at anytime you need to make changes to any of the figures you have entered to recalculate with the new entries.
Next you move on to the Your Tax Breaks page where you can claim any tax deductions you can qualify for to help you lower your income tax liability. Tax deductions can include:
- Home Mortgage Interest and Real Estate Taxes Paid
- IRA or Qualifying Retirement Account Contributions
- Charitable Contributions and Donations
- Continuing Education Expenses
- Qualifying Medical Expenses
and many more, over 350 tax deductions to choose from.
Once you have entered all your information into the TaxCaster TurboTax Tax Calculator access the Final Result page where you can see the outcome.
TurboTax TaxCaster Online Tax Calculator and Smartphone Application
The Turbo Tax TaxCaster App is a great on the go application that works just like the TurboTax Online TaxCaster tool. However, I have found that by downloading the TurboTax application to an Android Smartphone or iPhone it is accessible at all times and there in my hand whenever I want to take a look at my income tax liability, or make adjustments. It's just a nice tool when your on the go.
I not a fan of financial surprises that indicate I owe more income tax money then I thought I was going to. This tax calculator app helps me avoid that. It's a good tax software support tool that also helps me avoid giving Uncle Sam an interest free loan by paying in too much taxes.
Give the TurboTax TaxCaster a try, and stay informed about your income tax obligations all year long. Never be surprised by a shocking tax bill...