This tax season file tax return confidently and accurately using Turbotax tax 2024 calculator. Calculate your taxable amount along with the refunds you may get, by reporting your financial status including- your income from all sources, deductions or credits applied to your tax return. Based on your demand it offers variety of tax calculators to estimate different factors. Thus, realizing you tax liability with 100% accuracy.
To calculate tax refunds, part of income considered as tax and other estimations, you need to access tax calculator. Before you go to get a tax calculator, you must hold an account on the turbotax platform, purchase a proper product that fulfils your tax demands.
Download the Product through official website.
Install the software by double-clicking the downloaded file.
Use License Code to activate it on Activation screen.
Start your new return by logging into it.
Get help of suitable Turbotax tax 2024 calculator available to you.
As you open 2024 tax calculator, it asks you details related to your tax situation as given here -
Income earned- Fill in the whole detail about tips, commision, interests, dividends, compensation as unemployed or any earnings from other sources.
Tax Filing Status- You need to mention here that whether you are married or not, filing on our own or with other members too.
Age- Mention your age by 1 January 2024, it has impacts on your deductions & credits. If you've reached 65 or more age by this date then a standard deducion applies to you.
Dependents in Family- Tell about no. of dependents in your family,
Deductions & Credits- Clarify under which deduction- Standard or Itemised, your income comes into. Also, fill in the details about your tax credit, like child and dependent care credit, EV credit, earned income credit, etc.
Education- If you are a student or the one filing taxes having children pursuing certain courses, you must fill in relevant info demanded.
Contributions- In case any amount is held for retirement, as health saving or another related account, it needs mention here in this field.
Other details- Describe any life event you went through last year, whcivh may eases tax payment by reducing your tax liability. As well as, it includes, tax payments, job details, donations you made last year, etc.