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lonely_dreamer · Nov 4, 2009, 11:55 AM

H&R Block and TurboTax now have 2009 Income Tax Calculators available, and I was just wondering if they are anywhere near accurate?

I put my spouse's and my wages in thus far, and it turned out that our return should be around $12,000? It seems too large an amount to get back, we have never received that much back although we've brought in the same amount of money every year...

ScottGem · Nov 4, 2009, 11:57 AM

The calculators are only as accurate as the information you put into them. Since they are not complete returns, they are based on estimates.

AtlantaTaxExpert · Nov 5, 2009, 07:50 AM

Agreed; the tax calculators usually do not factor in such contingencies as the Alternative Minimum Tax or certain credits, so their results should be treated with a bit of skepticism.

lonely_dreamer · Nov 6, 2009, 06:32 AM

Okay, haha. I thought it was quite crazy... there's no way we could get back that much, especially since we have made the same amount of money for about two years in a row now..