Calculate Your 2021 Tax Refund
Note: This Tax Return Calculator for 2020 uses the latest information provided by the IRS. As new information is released, we will update this page. Sign up now to obtain new Tax Calculator updates.
Tax Year 2020 relates to calendar year 2020 (January 1 – December 31, 2020). Estimate your 2020 Tax Return Refund or Taxes Due. The 2020 Tax Return is due on April 15, 2021 and can be e-Filed on eFile.com starting in January 2021. Use this Calculator in conjunction with the W-4 Tax Witholding Calculator and optimize your paycheck tax withholdings.
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2020 Tax Calculator
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Estimate Your 2021 Tax Refund
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Enter your and your spouse’s estimated or reported income from all jobs and income sources.
Based on your information, it looks like you only have Social Security income and if this is correct, you generally will not owe taxes or get a refund and may not need to file a tax return.
Your 2020 Standard and Reported Deductions for You and Your Spouse Not Sure?
Estimated
Are you responsible for any of these Taxes or did you make any of these Repayments for Tax Year 2020? Details
You Auto Qualify For The Following Tax Credits
*Click on the Tax Credits below for details on how to calculate the amount to be entered. Do not enter the full expense amount. Details
Enter the following Tax Payment amounts you made during Tax Year 2020. As a result, they will increase your Tax Refund or reduce your Taxes Owed.
Estimated Tax Refund
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Estimated Taxes Owed
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It looks like you are not getting a Tax Refund, nor will you owe additional Taxes.
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Starting in January 2020, you can prepare
and eFile 2020 IRS and State Tax Returns.
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Your Estimated 2020 Tax Return Details
Your Estimated 2020 Tax Return Forms Needed
Based on the Information you entered on this 2019 Tax Calculator, you may need the following 2019 Tax Year IRS Tax Forms to complete your 2019 IRS Income Tax Return.
State Forms are not listed here.
Form 1040
Form 1040-SR
Schedule 1
Additional Income and Adjustments to Income
Schedule 2
Additional Taxes
Schedule 3
Additional Credits and Payments
Form W-2
Wage and Tax Statement
Form 1099-INT
Interest Income
Form 1099-DIV
Dividends and Distributions
Form 1099-SSA
Social Security Benefits Statement
Form 1099-R
Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc.
Form 1099-G
Certain Government Payments
Form 1099-MISC
Miscellaneous Income
Schedule B
Interest and Ordinary Dividends
Schedule C
Profit or Loss from Business (Sole Proprietorship)
Schedule D
Capital Gains and Losses
Schedule E
Supplemental Income and Loss
Schedule F
Profit or Loss from Farming
Other Types of Income
[[Link to Taxable Income Page]]
Schedule 8812
Qualified Business Income Deduction
Schedule A
Itemized Deductions
Form 8283
Noncash Charitable Contributions
Form 1098-E
Student Loan Interest Statement
Form 1098
Mortgage Interest Statement
Form 4952
Investment Interest Expense Deduction
Form 8889
Health Savings Accounts (HSAs)
Form 4684
Casualties and Thefts
Form 3903
Moving Expenses
Form 2106
Employee Business Expenses
Schedule SE
Self Employment Tax
Form 6251
Alternative Minimum Tax
Form 5405
Repayment of the First-Time Homebuyer Credit
Form 8919
Uncollected Social Security and Medicare Tax on Wages
Form 5329
Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts
Form 8962
Premium Tax Credit (PTC)
Schedule H
Household Employment Taxes
Form 8959
Additional Medicare Tax
Form 8960
Net Investment Income Tax—Individuals, Estates, and Trusts
Form 1040 Schedule 8812
Child Tax Credit
Form 1040 Schedule EIC
Earned Income Tax Credit
Form 2441
Child and Dependent Care Expenses
Form 8863
Education Credits
Form 8962
Premium Tax Credit (PTC)
Form 8880
Credit for Qualified Retirement Savings Contributions
Form 5695
Residential Energy Credit
Form 1116
Foreign Tax Credit
At this point you are Tax Balanced. As a result, you don’t need to make adjustments to your W-4(s).
Continue if you wish to make adjustments to your Tax Withholding on your W-4 and see how this would affect your Paycheck(s) and your 2020 Tax Return.
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Let us help you translate this suggested Tax Withholding Dollar Amount into the right Allowance Number Adjustment on your W-4. for 2019. In 2020 Allowances will be eliminated.
You can e-File your 2020 Tax Return on eFile.com starting in January 2021. Sign up now to TaxWin and to receive early bird Promo Codes.
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You can e-File your 2020 Tax Return on eFile.com starting in January 2021. Sign up now to TaxWin and to receive early bird Promo Codes.
Your 2020 Tax Return result will be:
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