Taxes Taxes Taxes and more Taxes? Dang Taxes! With our deficit growing and our politician on the take, there is no doubt we will be paying more taxes to keep our country afloat. Uncle Sam is looking to all of us for more cash to fuel the relief effort for paying our countries financial shortfall.
Escaping the IRS's grip on our wallets requires higher financial practices that can lead to more tax deductions.
TurboTax TaxCaster Tax Calculator
By plugging in different scenarios into the TurboTax TaxCaster Tax Calculator, taxpayers can see what benefits might be rendered that can help lower their overall taxable income.
The TurboTax TaxCaster is designed to allow tax filers the opportunity to make adjustments in there income tax calculations to see how it may benefit the final outcome.
Things like the filing status you choose, donations you've made, job you have, your family, investments, medical expenses, continuing education, and more can all effect the amount of federal income taxes you will have to pay.
How to use the TurboTax TaxCaster Calculator:
With the TurboTax TaxCaster you can plug in your financial information and make adjustments anytime you want to look at different scenarios and how they effect the final outcome.
This in turn can help you make better decisions that can leave more cash in your pocket, instead of passing it on to our government to waste on frivolous spending habits.
The TurboTax TaxCaster tax calculator tool is free to use for anyone, even if you have no intent to use another TurboTax product. TurboTax offers their tax calculator up as a free tax season tool for all taxpayers to use anytime they please! Plus, no personal identification information is required. You can use it anonymously.
TurboTax TaxCaster Screen Shot
As you can see by the TurboTax tax calculator screen shot, there are many places you can fine tune your calculation. This includes your family dynamics - are you married? do you have kids? do you have other dependents?
Then you get into the financial dynamics of your life including continuing education, deductible mortgage expenses, deductible charitable donations, retirement account investments, and so much more. It is extremely easy to use and make changes as needed to see how these adjustments might benefit your overall tax bill.
It's always a good idea to look at different ways to lower your tax bill and the TurboTax TaxCaster Tax Calculator makes that process a very simple one that can help you keep more of your hard earned dollars.