It’s quite interesting today that the calculation of tax refunds has been simplified through advanced tax software that is available to anyone for Free.
Recently, two free tax refund calculators for 2018 has been announced by File My Taxes Online, a leading e-file and direct deposit tax processing firm.
In a recent report from, Mr. Frank Ellis, the Chief Financial Officer of File My Taxes Online, it’s been confirmed that the current easy tax refund calculator 2018 is generally referred to as ‘Tax Refund Calculator’.
It’s a software application that enables tax payers to estimate the taxable value of their income so as to predict or ascertain what they might obtain as a refund, or what they might incur as IRS payable taxes.
According to Mr. Frank Ellis, the refund calculator helps a typical tax payer to have an idea of his or her tax refund or liability, depending on certain parameters relating to personal cash flow which is made up of income, payments, retirement, charitable donations, and business income, if any.
“The interface is user-friendly, and as the user inputs these items, the meter of the software would display the estimated results based on an algorithm that matches current tax laws,” he explains.
He further confirms, saying, “If the user varies the information, the overall totals and the amount of refund or taxes would change accordingly.
In other words, the user can predict an estimate of tax refund or payable tax that would be incurred for a specific amount of earned income, filing status information, number of dependents, and other input values. It thus suggests that a tax payer can have a reasonable control of his or her taxable cash flow.”
Undoubtedly, having a good grasp of taxable cash flow is a critical issue that needs the right attention in the life of an average American. Now, the easy tax refund calculator 2018 has been announced for the use of the general public at no cost.
“Moreover, users of the application are not under any obligation to process their return through TurboTax or H&R Block; but then, they can use the tax refund calculator for free,” Mr. Frank Ellis reveals.
IRS is currently anticipating issuing nine out of ten tax refunds within 9 days or less than 21 days if taxpayers uses e-filing. Taxpayers are advised to file their taxes online using. Their tax return will be sent to the IRS automatically as soon as they start.
For more information on the use of the current tax refund calculator 2018, and other details on how it helps to estimate taxes, go to, https://filemytaxesonline.org/calculate-your-tax-refund