- Days left

Fiscal Cliff Calculators: How Much More Will You Owe If We Fall Off?



Fiscal Cliff calculators gallery

Learn about investing from the comfort of your own home.

Portfolio Basics

Take the first steps to building your portfolio.

View Course »

Investment Strategies

Learn the strategies you need to build a winning portfolio

View Course »

TurboTax Articles

Do The Math: Understanding Your Tax Refund

For most people, tax is collected by an employer at a rate that estimates your tax for the year. Your actual earnings and the deductions that you?re allowed to claim might cause you to pay too much tax, which leads the Internal Revenue Service to issue you a refund. "The idea behind a tax refund is quite simple," says James Windsor, a certified public accountant from Ann Arbor, Michigan. "When you pay more tax than you owe, the Internal Revenue Service returns the overpayment as your refund."

5 Tax Tips for Single Moms

If you?re a single mom filing your taxes, make use of tax credits and deductions that can help reduce your taxable income and reduce the amount of tax you pay. A number of strategies, credits and deductions can be used to reduce taxable income, and in some cases, allow tax refunds even if you didn?t pay in any taxes. When you use TurboTax, we?ll ask simple questions and handle these calculations for you.

5 Tax Tips for Single Parents

Filing taxes as a single parent requires coordination between you and your ex-spouse or partner. Usually the custodial parent claims the child as a dependent, but there are exceptions. A single parent is allowed to claim applicable deductions and exemptions for each qualifying child. Even though you claim your child as a dependent, she may still have to file her own tax return if she has income, such as from an after-school job.

Affordable Care Act Decoded

The health care reform law known as the Affordable Care Act may directly affect your tax liability. Many taxpayers are familiar with the requirement that most Americans either carry health insurance or pay a tax penalty. But that's just one provision, and knowing what else is in the law can help you avoid surprises come tax time.

Add a Comment

*0 / 3000 Character Maximum

50 Comments

Filter by:
freethedems2012

Evan thinks I need a refill of BS. No, Evan you can keep it.

December 08 2012 at 7:29 PM Report abuse -1 rate up rate down Reply
ectullis

Not if, when

December 08 2012 at 2:55 AM Report abuse +3 rate up rate down Reply
yearsocrapleft

THIS TERRORIST MUSLIM CLOWN FARKED THE MIDDLE CLASS ,WHEN HE DRIVES THE COUNTRY OFF THE "CLIFF" EACH ONE WILL HAVE TO PAY AN EXTRA $2.200 IN TAXES ....HA HA HA THEY VOTED FOR A TAX INCREASE ON THEMSELFS ~~RAISE ALL THE RENTS ON ALLTHE WELFARE ,SECTION 8 N FOOD STAMP SLUGS SKYHIGH HA HA HA HA

December 08 2012 at 1:45 AM Report abuse -6 rate up rate down Reply
yearsocrapleft

QUIT YOUR $8~~$9 AN HOUR JOB N GET ON THE WELFARE TRAIN LIKE ALL THE BLACKS N RICANS N ILLEGAL IMMIGRANTS THAT "BROKE" INTO AMERICA , WILL BE ROBBING OUR COUNTRY FOR THE NEXT 4 YEARS ,BELIEVE ME YOU WILL BE BETTER OFF. ! IF YOU SEE ILLEGAL IMMIGRANT ACTIVITY CALL 866~347~2423 OR WWW.ICE.GOVTIPS ! !

December 08 2012 at 1:33 AM Report abuse -5 rate up rate down Reply
s.kohanski

Evan is responding to his other screen names, that's priceless

December 08 2012 at 12:23 AM Report abuse -2 rate up rate down Reply
1 reply to s.kohanski's comment
freethedems2012

He thinks that will throw people off..........the dweeb.

December 08 2012 at 9:57 PM Report abuse -1 rate up rate down Reply
pdbliz

All I have to say is,,,,,,,,,,,,,,,THE AMERICAN PEOPLE WILL GET WHAT THEY VOTED FOR,,,BE IT,,GOOD OR BAD...
THEY WILL GET WHAT THEY DESERVE.!!!!!!!!!!!!!!!!,,,,,,,,,,,,,We have a lost generation,,and,,the next will be worse,,,,,,,,,,,,,,,,,,,,,,,IN THE YEAR 2525,,,,,,,,,,,,,,,,,,,,,,,??????????????????

December 08 2012 at 12:06 AM Report abuse -3 rate up rate down Reply
popatopfl

It's all about the "Fiscal Cliff" and ending Bush's tax breaks and Obama wanting the plus 250 grand earners to lose the tax break. Simple fact is congress is made up of millionaires and they don't want to raise their taxes. They also want the break for their millionaire campaign donors and PACs. He has to renew the breaks for everyone or let it expire for everyone. The super rich have "Tax Accountants" to move their money around to avoid paying taxes
Better yet push all career politicians over a cliff.
Maybe if Romney didn't keep changing his stance and hadn't come across as a self righteous snob who showed nothing but contempt for the middle class, maybe half the voters would not of voted against him.

December 07 2012 at 11:23 PM Report abuse +7 rate up rate down Reply
1 reply to popatopfl's comment
s.kohanski

Wouldn't make a big difference as the world banks and oil barons run the nation. Presidents are but mere pen puppets. If Frogs had wings they wouldn't bump their assses too.

December 08 2012 at 12:26 AM Report abuse -3 rate up rate down Reply
millsredroosters

Let go on over i can adapt those lazy asses will not.

December 07 2012 at 11:02 PM Report abuse +5 rate up rate down Reply
AL CONFER

I find it most interesting that all the administration and the Republicans talk about is cutting Social Security and Medicare. Medicare the seniors pay for. Social Security is paid by all working Americans, so please tell me why our president and congress are not cutting those that have for years and years refused to work, and if anything the illegals that pay nothing but send money back to their home countrys and what benefit is that to America? Why are we still sending foreign aid to countrys that want to kill us? Why have we not forced countrys that owe us money to pay it back as you can be assured the chinese want theirs back. Why do we allow government employees that are considered non essential to continue to have a paycheck for a non essential job? Why do we have fees and licenses that inhibit business and it is just another tax? Why are we still paying to keep the United Nations when member states are in arrears? Shall I add more?

December 07 2012 at 10:57 PM Report abuse +5 rate up rate down Reply
yearsocrapleft

RICH PEOPLE WILL LAY OFF 'ALL' AMERICAN WORKERS N MOVE THERE COMPANIES OVERSEAS UNTILL THIS TERRORIST MUSLIM CLOWN IS REMOVED FROM OUR WHITE HOUSE IN HANDCUFFS~~""IMPEACH THE TERRORIST MUSLIM CLOWN NOW"" OR ""SHUT THE COUNTRY DOWN""

December 07 2012 at 10:09 PM Report abuse -3 rate up rate down Reply