2016 Tax Calculator to Project Your Tax Refund

Posted by Madison on January 25, 2017

The 2016 tax calculator is here! Do you want to get an estimate of how much your tax refund will be before you file? We just updated the 2016 tax calculator with the current tax brackets, credits, deductions, and everything else you’ll need to estimate your tax refund before the tax deadline.

How to Use the 2016 Tax Calculator

The 2016 tax calculator works based on the following inputs:

  1. Enter your filing status including your personal exemptions and any dependents you will claim on your tax return. Then enter your income, deductions and credits.
  2. Enter your projected withholdings from your W4 (or your total withholding on your W2 once you get it) for the year to estimate your tax refund for April 2017.
  3. Select calculate to use the 2016 calculator to estimate your 2016 taxes.
  4. Select view report to see the entire tax calculator report.

2016 Tax Calculator

Enter your filing status, income, deductions and credits and we will estimate your total taxes for 2016. Based on your projected withholdings for the year, we can also estimate your tax refund or amount you may owe the IRS next April 2017.


Javascript is required for this calculator. If you are using Internet Explorer, you may need to select to ‘Allow Blocked Content’ to view this calculator.




Tax Calculator Inputs

Please note that this calculator uses 2016 tax tables. All of the tax parameters and definitions used to build the free tax calculator are based on the current tax laws. If you are looking for the tax calculator for last year, please see the 2015 Tax Calculator.

As a reminder for the 2016 tax calculator, the outputs will be based on your tax calculator inputs.

Health Insurance Premium Tax Credit and Penalty

The updated tax calculator now includes a line for the Health Insurance Premium Tax Credit and the penalty for no health insurance.

AMT Tax Calculator

The tax calculator also includes the AMT exemption amounts; there is not a separate AMT tax calculator. The calculator also includes 2016 tax scenarios for capital gains tax rates.

File Your Taxes

Now that you calculated how much your tax bill or refund will be, go ahead and file your free federal and state taxes online with TurboTax!

More Tax Topics



Get your biggest tax refund, guaranteed. Plus FREE Expert Tax Advice. File your Federal tax return for FREE today with TurboTax!




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Comments to 2016 Tax Calculator to Project Your Tax Refund

  1. Where do you enter the State Income Taxes that have already been withheld from your paycheck?

    Kelly

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