Tax Calculator Comparison Feature Launch

October 16, 2018 : Diamond Lambert

Editor’s Note: This article was originally published on February 16, 2018. While the comparison feature of our tax calculator is no longer available and applicable as described below, you can still receive insights on how tax reform may affect your refund with our tax calculator’s tax reform impact estimator. Check out our tax refund and tax reform calculator today.

 

We understand the confusion and questions that follow major tax law changes. From the Tax Cuts and Jobs Act (TCJA) to sharing the possible impact of other tax laws, we can help prepare you for all that comes your way.

In an effort to provide useful tools to help our clients understand how tax reform could change their tax liability, we created a comparison feature for our Tax Refund and Tax Reform calculator. We believe the best way to prepare for the impact of the recent tax law changes is to stay informed. Fortunately, we can share this knowledge with clients with the help of our new, easy-to-use tax calculator comparison feature.

New Tax Calculator Functionality Enhances Your Tax Estimate

To see what our new tax reform calculator displays, simply enter your background information, income, and tax-related expenses. At the end of this questionnaire, you’ll get:

  • A breakdown of your taxable income.
  • An estimate of eligible credits, taxes due, or potential refund amounts.
  • A side-by-side detailed comparison of your 2017 filing and your upcoming 2018 filing. (This element is no longer applicable nor available after October 15, 2018).

To view the new tax calculator comparison feature, get started with our tax reform calculator.

New Tax Reform Calculator Helps Identify What’s Relevant

Due to the sweeping updates included in the TCJA, many clients were left wondering if basic credits such as the Earned Income Tax Credit (EITC) or unreimbursed employee business expenses are still available to claim.

Our goal is to help you answer as many questions as possible prior to completing your tax return, so you don’t encounter any surprises when it’s time to file. A side-by-side comparison from our new tax calculator could assist with proactively forecasting 2018’s tax obligations.

Beyond the 2018 H&R Block Tax Calculator: Getting More Information

You can learn more from the IRS directly at www.irs.gov/tax-reform. Additionally, you can visit our Tax Reform Center  to explore this topic further.

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Diamond Lambert

Diamond Lambert

Diamond Lambert, M.Sc., is a marketing manager within the advertising and brand team. She is a graduate of Franklin University holding a master's degree in marketing and mass communications. Her contributions include a mix of IRS tax news, lifestyle pieces, and consumer information.