Q:

Where can you find a chart that estimates how much my tax refund will be?

A:

Quick Answer

While no chart exists to estimate potential tax refunds, the Internal Revenue Service provides a tax refund calculator that lets users input data and receive an estimate of a possible refund. The tax refund estimator also lets users know if they owe more taxes, according to the IRS.

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Full Answer

To use the tax refund estimator, a taxpayer needs to input her tax filing status, gross filing income, IRA contributions, itemized deductions and personal exemptions, as the IRS explains. Other required information includes number of dependents and any federal taxes withheld during the tax year. Once all the information has been inputted, submitting the form provides an estimate regarding the size of the taxpayer's refund.

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