Tax Calculator Comparison Feature Launch
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 (This element is no longer applicable nor available after October 15, 2018).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
Find out what to expect from the Tax Reform changes made under the TCJA. The experts at H&R Block help you understand how the updates will affect you.
Get the facts from H&R Block about the widely available but little-known IRS penalty relief option called first-time penalty abatement.
Learn more about investment amounts realized on IRS Form 1099-B and get tax answers at H&R Block.
Learn more about the SALT Deduction, a new federal tax law that caps itemized state and local tax deductions for all filers.