What are some resources for estimating a tax return?


Quick Answer

TurboTax and H&R Block are two resources for estimating a tax return. Both resources require users to provide personal, income and expense information in order to calculate the users' tax return or money owed, notes their respective websites.

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Full Answer

Users enter their marital status, whether they are filing jointly, their and their spouse's age and if they are a dependent, states TurboTax. Next, users enter their total household income and any applicable deductions, credits and payments. Each answer updates the numbers to the right on the "Where You Stand" chart. This chart provides users deduction, exemption and tax information.

Users on H&R Block's website enter their filing status, age and number of dependants they claim. Then users enter their total income followed by their expenses for the previous year. The results are on the fourth and final section, providing information on the user's taxable income, credits and their refund or return.

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