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Instructions for the cash on cash return calculator.
Income tax calculator estimate your 2020 tax refund. Instant discounts at your favorite merchants. Remember that a tax deduction reduces your taxable income, cutting your tax bill indirectly by reducing the income that's subject to a marginal tax rate. Answer a few simple questions about your life, income, and expenses, and our free tax refund calculator will give you an idea if you should expect a refund and how much—or if the opposite is true and you’ll owe the irs when you file in 2021.