What is a tax return estimate?

A tax return estimate is an estimate of the amount of money you can expect to pay or receive when filing your taxes. In Washington, you can estimate your taxes by using the online tax calculator provided by the Washington State Department of Revenue. This tool helps you to determine how much tax you will owe or get refunded, based on information you enter about your income, deductions, and credits. Using this calculator can help you plan ahead financially and ensure that you can pay any taxes due on time. It can also help you understand how changing your filing status or taking deductions may impact your return. The accuracy of the estimate depends on the information you provide, so it’s important to ensure the data you enter is complete and accurate. Additionally, this estimate may not include any applicable local or city taxes, so it’s best to double-check your calculations with an accountant or tax professional.

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