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- Taxes are due July 15 this year, which is 90 days later than usual due to the coronavirus pandemic.
- The sooner you file your tax return, the sooner you'll get your H&R Block's free tax refund estimator to see how much you could get.
- To use the tool, you need to answer a few basic questions and provide figures from your W-2 or 1099 forms.
- According to IRS data, over 111 million Americans received federal tax refunds for the 2018 tax year, averaging $2,860 per refund. The IRS began accepting tax returns for income earned in 2019 back in January, but the coronavirus pandemic pushed the H&R Block has a simple tax refund estimator that takes just a few minutes to complete — you don't have to sign up for an account or pay for anything up front.
You begin by answering a few questions about yourself, including your marital status and age.
Next you can enter the necessary figures from your W-2 and 1099 forms.
These are the only three numbers you'll need from your W-2:
- 2019 total wages (box 1 on your W-2)
- Federal income taxes withheld (box 2 on your W-2)
- State income tax (box 17 on your W-2) — you can ignore this one if your state doesn't tax income
If you had multiple W-2 jobs in 2019, then you can enter the information for each one separately. If you had 1099 income, you can select "no" in the prompt above and you'll be able to add up all the estimated pretax wages from your various 1099s and include them as one. If you paid quarterly taxes, you can enter that amount a few steps later.
Next, you'll get a rough estimate of your tax refund.
If you want a more accurate figure, you'll have to provide more information about your financial situation, including whether you're a 真人百家家乐网站homeowner, have children, earn investment income, or have potentially deductible expenses.
After you enter all your income sources and expenses, you'll get your refund estimate. It's good to remember that this estimate is only as reliable as the information you provide. If you left out a source of income, or your numbers are just approximations, your refund will likely look different.
A smaller refund doesn't always mean you paid more in taxes
Though many Americans rely on the windfall from a tax refund, financial experts say a larger or smaller refund is not indicative of whether a person paid more or less in taxes, but rather of the amount withheld from their paycheck. Receiving a smaller refund Learn more about H&R Block »
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