Posted by Brian McCullough
Many years ago, when I first started this blog, I wrote a popular post about tax refunds. Since I posted about taxes earlier this week (and since most of you probably didn’t see it because the blog was young) I thought it would be worth pointing out again.
So if you’re expecting a tax refund, it turns out you can calculate exactly how much of a refund you’re going to get. For free.
There are several calculators that will do it all for you online. Just answer a series of questions, and have some recent pay stubs handy. Hopefully you’ll see some money coming your way:
Here’s one from H&R Block.
Here’s one from 1040.com.
And finally, here’s the offical IRS withholding calculator. If you don’t get your withholding right, you’re not going to get any refund! So use this tool to make sure you’ve got your W-4 set up properly!