Did you know that about 40% of New Year resolutions are money-related?
Whether it’s spending less, saving more, or just getting financially organized overall, it’s important to most of us. As we already know, taxes have a lot to do with our money goals. We’re either itching to get a hold of our tax refund or dreading paying our tax due.
Whatever the case may be for you, we’re going to help you tax charge of your financial resolutions for 2017. With the RapidTax 2016 Tax Calculator, you’ll be able to see the big picture before even looking at a confusing IRS form.
How can the tax calculator 2016 help me?
Our user-friendly calculator tool will assist you with all of the following:
- Calculating your 2016 tax refund.
- Figuring out your 2016 tax balance due.
- Seeing how your filing status, income, exemptions, expenses, and qualifying deductions and credits affect your tax situation.
Our tool allows you to take many aspects of your specific circumstances into account before filing your return. You can enter all donations, retirement income, investments, etc…for the year to see your refund increase or decrease. Then we’ll provide you with a detailed summary so that you understand our calculations.
How to access the 2016 tax calculator
It’s almost too easy to navigate our calculator. You have access to different tabs. Within each tab, you’ll enter your tax information to the best of your knowledge. Remember, you can use estimated amounts if you haven’t received certain income statements yet.
Need to find out your prior year refund or tax due amounts? We have calculators for 2014, 2015, and 2016 too!
2017 Refund Cycle Chart
The refund schedule is something that the IRS has discontinued due to accuracy issues. However, the cycle tends to be generally similar each year. It’s important to realize that these dates are not guaranteed to be accurate. They are ESTIMATES based on past tax seasons. This year does come with a few exceptions that should be taken into consideration**.
|
If IRS refund is accepted on or after: |
But before: | The direct deposit date is: |
The check mailed date is: |
| 1/23/2017 | 1/27/2017 | 2/3/2017 | 2/3/2017 |
| 1/27/2017 | 2/3/2017 | 2/10/2017 | 2/10/2017 |
| 2/3/2017 | 2/10/2017 | 2/17/2017 | 2/17/2017 |
| 2/10/2017 | 2/15/2017 | 2/24/2017 | 2/24/2017 |
| 2/15/2017 | 2/24/2017 | 3/3/2017* | 3/3/2017* |
| 2/24/2017 | 3/3/2017 | 3/10/2017 | 3/10/2017 |
| 3/3/2017 | 3/10/2017 | 3/17/2017 | 3/17/2017 |
| 3/10/2017 | 3/17/2017 | 3/24/2017 | 3/24/2017 |
| 3/17/2017 | 3/24/2017 | 3/31/2017 | 3/31/2017 |
| 3/24/2017 | 3/31/2017 | 4/7/2017 | 4/7/2017 |
| 3/31/2017 | 4/7/2017 | 4/14/2017 | 4/14/2017 |
| 4/7/2017 | 4/14/2017 | 4/21/2017 | 4/21/2017 |
| 4/14/2017 | 4/21/2017 | 4/28/2017 | 4/28/2017 |
| 4/21/2017 | 4/28/2017 | 5/5/2017 | 5/5/2017 |
*This could be delayed due to President’s Day.
**Note for Earned Income Tax Credit and Additional Child Tax Credit Filers
Due to a new federal tax law, the IRS will be delaying refunds for ALL taxpayers who file their tax return claiming the Earned Income Tax Credit (EITC) and the Additional Child Tax Credit (ACTC). These refunds will be delayed until at least mid-February.
How to move forward with filing a 2016 tax return
Like what you see with the calculator? You can create a RapidTax account to prepare your tax return for 2016. We use the same calculations within our application so you won’t see any surprises. In fact, you’ll be able to enter even more information. This will help to determine if you qualify for other deductions and credits. Don’t worry. We’ve got your back this tax season!
What do I do if I owe a debt to a government agency and they take my refund if my husband and I file jointly, it’s only my debt, not my husband’s. Is there something I can do before they pull the whole refund so I don’t have to wait for my refund? Thank you
Your husband can file as injured spouse. Click here for a PDF copy of Form 8379 Injured Spouse Allocation.
Nice post. Thanks for sharing the chart.
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miss placed tax code for discount, can you resend it
Hi Kathy,
That is no problem! Please contact our customer support team via phone, livechat or your account message board. We will be able to verify your account and resend you that coupon code. Thanks for choosing us again this year!