Where Can You Find a Good Calculator for Your 2014 Tax Return?


Quick Answer

American taxpayers find viable 2014 income tax return calculators hosted by Intuit, H&R Block and TaxAct, as of April 2015. Each service lets people input filing status, income and expenses to estimate an income tax return or an income tax bill, according to each website.

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Where Can You Find a Good Calculator for Your 2014 Tax Return?
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Full Answer

Taxpayers start by inputting personal information such as martial status, head of household, age and dependent status for Intuit's TurboTax Taxcaster calculator. Individuals click three types of income, including wages, dividends and business income. Deductions and payments range from family, education and charitable donations to retirement and estimated tax payments, TurboTax explains. A chart on the right side of the tax calculator keeps a running total of whether or not a taxpayer owes money or gets a refund.

Users have four tabs of data to input on H&R Block's free income tax calculator. People start with their filing status, age and number of dependents to claim, according to H&R Block. The second tab explains employee wages, self-employment income, rent, Social Security benefits and nontaxable combat pay. The third section deducts expenses such as mortgage interest, donations, student loan interest and child care expenses. The fourth tab summarizes each taxpayer's estimated return or payment.

Customers go through four tabs on TaxAct, starting with basic information and then going to income, deductions and credits. A chart on the right side compiles money owed to the taxpayer or to the Internal Revenue Service. Income includes business gain or loss alongside unemployment income. Tax credits range from energy savings to college education expenses, as explained by TaxAct.

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