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How to Use the 2016 Tax Calculator and Refund Cycle Chart

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**.
Continue reading “How to Use the 2016 Tax Calculator and Refund Cycle Chart”

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2015 Tax Calculator

Step into 2016 knowing what to expect.

Many of us go into the new year with high expectations for ourselves; some realistic and others… not so much. Why not get a head start on a resolution that will actually stick this year? Tax season 2016 officially kicks off on January 19th. This means that the IRS won’t begin e-filing until that date. In the meantime, you can see how much of a refund you should expect this year using our free 2015 tax calculator.

How do I use it?

You can access our 2015 tax calculator here. Once you’re there, just begin answering the questions based on your tax situation. At the very least, some pieces of information that you should know are:

  • your filing status
  • your annual income
  • your deductions (if you plan to itemize)
  • if you will be claimed as a dependent on someone else’s tax return for the year
  • if you are claiming any dependents on your tax return for the year

As you enter your information, you’ll be able to immediately see the adjustment made on the refund wheel to the right side of your screen. Continue reading “2015 Tax Calculator”

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California Income Tax Rates

California residents pay the highest income tax rates in the country…

California is a paradise to its 38 million residents. Wines in Napa, celebs in L.A., Disneyland in Anaheim, the zoo in San Diego, well, there’s a lot to see and do.

However, living in the golden state comes with a hefty price tag. California levies the highest tax rates in the country. If you’re a new CA resident, you’re bound to notice it most when you file your state return.

Just how pricey is it?

Here are the 2014 California income tax rates for single filers:

California 2014 Tax Rates.jpg

If you’re Married Filing Jointly or Head of Household, just double the income brackets listed above. Continue reading “California Income Tax Rates”