Keep in mind that they are just estimates though, and it will only be once you complete your tax return that you’ll know exactly what you’ll see as a refund or owe the IRS.

While they just provide an estimate, as long as your tax situation isn’t overly complicated, the results will generally be pretty close.

TurboTax has launched something new called TaxCaster, and it is a quick calculator that can help you determine what your tax bill or refund will look like. While it’s generally too late to make any changes to your tax situation now, the earlier you spot this, the more time you’ll have to get the money to pay the tax bill. This can be especially helpful if you end up with a surprise showing you may owe money.

This form is mailed out in late January for the prior tax year.Are you wondering if you’re going to get a tax refund or maybe owe Uncle Sam this year? Well, instead of waiting until you completely go through your tax return you can plug in some numbers and get a rough estimate today. However, distributions from an IRA are reported to you and the IRS on a Form 1099-R. Interest postings to IRAs are not reportable. Special note about Individual Retirement Accounts (IRAs) To issue you a Form 1099-INT, TD Bank reviews all of your account relationships (interest-earning accounts like checking, savings, money market and CD accounts) and sends one Form 1099-INT to cover all of your accounts in which you are the primary owner. If this applies to you, then you can expect to receive your tax information within the first two weeks of February. Typically, TD Bank mails 1099 tax forms to applicable customers in late January. If they are listed second on the account, they would be considered the secondary owner. You may co-own an account(s) with another person – spouse, partner, child, etc. If you are listed first on an account, you are considered the primary owner. Only the primary owner will receive a Form 1099-INT. For individuals, the Tax ID number is typically your Social Security number. Form 1099-INT is produced if the aggregated interest earned for a particular Tax ID number is $10 or more.

Turbo tax caster