If you have used TurboTax in the past, you may know that new versions are released towards the end of each year.
However, if you do not want to wait until the end of the year to determine how much you currently owe on taxes, you will find it handy to know that TurboTax has a free online Tax Calculator that allows you to estimate how much you may owe on taxes: https://turbotax.intuit.com/tax-tools/calculators/taxcaster/index.jsp?cid=all_cjtto-2278782_int&priorityCode=3468341816&SID=
This is particularly important for business owners that may need to calculate their taxes to ensure they have sufficient deductions as they approach the end of the year. If the taxes owed are too high, they can plan accordingly to spend their existing reserves to increase their overall deductions.
While the online Tax Calculator can certainly not compare with the full version of TurboTax, it is certainly very helpful and useful in planning your budgets and expenses based on taxes owed throughout the course of the year!!
However, if you do not want to wait until the end of the year to determine how much you currently owe on taxes, you will find it handy to know that TurboTax has a free online Tax Calculator that allows you to estimate how much you may owe on taxes: https://turbotax.intuit.com/tax-tools/calculators/taxcaster/index.jsp?cid=all_cjtto-2278782_int&priorityCode=3468341816&SID=
This is particularly important for business owners that may need to calculate their taxes to ensure they have sufficient deductions as they approach the end of the year. If the taxes owed are too high, they can plan accordingly to spend their existing reserves to increase their overall deductions.
While the online Tax Calculator can certainly not compare with the full version of TurboTax, it is certainly very helpful and useful in planning your budgets and expenses based on taxes owed throughout the course of the year!!
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