Federal Income Tax Refund Calculator for 2011, 2012

Would you like to get an estimate of your 2011 income tax refund? Or even an estimate of what you may owe to the IRS this year?

There are online services that can calculate your tax refund for you. They can also keep you updated on the constantly changing opportunities and regulations year to year.

By entering some basic information you will be given estimates of an approximate refund, and of money you may owe to the IRS.

There are many differences this year to keep in mind when filing, as they could benefit your tax situation. These online calculators will provide you with new information concerning your taxes. Which likely benefits most taxpayers, especially low-to-moderate income families.

The following are just a few this year that you should be aware of:

• Adjusted tax brackets
• Payroll tax credit
• Extended hope credit for students
• 1st time homebuyers tax credit
• Sales tax deduction for new vehicles
• Child tax credit

Once you begin using the free federal income tax refund calculator; you can continue to enter the rest of the required information and complete your tax filing with these services. The filing process becomes simplified with this method, and your information will be secure with you being the only one who can access it.

At the end of the process your information will be double checked for errors with guaranteed accuracy, free of charge. (While most small business tax services dole out small fees for such tasks.)

Visit TurboTax 2011 today to get an estimate of your potential refund, by trying the free federal income tax refund calculator.