Tax Calculators, Tools for 2020 Returns
The calculators listed here are for Tax Year 2020 Returns. You can no longer e-file a 2020 Return on eFile.com. Use these 2020 tax calculators and tools plus these free 2020 Tax Forms to prepare and file your 2020 Return. Search for other IRS or state tax forms here.
Current tax calculators, estimators, and forms to use before you eFileIT
Regardless of when you file your 2020 Return or other back taxes, you can prepare and e-file your current tax year return now on eFile.com at any point. Don't handle a single form and let the eFile Tax App do the work - file your 2023 year taxes online in one place on eFile.com each year.
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2020 Returns
Get your tax refund faster on eFile.com when you select direct deposit. File your current year tax return now or use our free tax refund calculator to estimate your next return. Here is an easy-to-use tool to estimate your present year tax refund date.
Don't get TurboCharged and TurboTaxed: Do IT Less Taxing here on eFile.com. Dare to compare eFile.com vs. H&R Block® vs. TurboTax® and save up to 60%.
Tax Calculators for 2020 Tax Year Taxes, Returns
Important: the IRS determined that late filing penalties for 2019 and 2020 Returns were abated or refunded if a taxpayer already claimed them. The IRS extended the penalty deadline so that they only began accruing for returns filed after September 30, 2022 instead of the regular due date. Any returns filed before this date did not face any penalties; returns filed after this due date will see a penalty beginning at usually 5% of the taxes due, up to 25%. See more details on tax penalties.
Use the tools and resources to plan your 2020 Return; we at eFile.com provide over fifteen free tax tools each year to use and understand your taxes. Note that you can no longer claim stimulus 1 and 2 on a 2020 Return as this expired on April 15, 2024.
Use this calculator for Tax Year 2020 before you prepare and file your taxes. Get an idea of your tax situation before you complete the forms online and file your return.
What is your 2020 Tax Bracket and personal tax rate? The eFile.com Tax Bracket or Rate Tax Calculator - RATEucator - will tell you.
Are you single? No children? The Earned Income Tax Credit (EITC) might work for you. Check out the eFile.com "EITCucator" tax tool to see if you qualify! This tax credit is geared towards low- and middle-income earners and can help increase your tax refund.
When you prepare a tax return, you have to choose which filing status to use. The eFile.com "STATucator" tool will help you determine which filing status to use.
Important: see details before the table on IRS penalties and how they apply to your 2020 Return. The penalties for not e-filing or filing a tax return or a tax extension are higher than not paying taxes owed. Therefore, it's better to file something - return or extension - and pay as little or as much taxes as you can afford.
The W-4 Form has changed drastically. Many taxpayers are confused on what to enter because the allowances have been eliminated. Use the new
PAYucator to find out how to complete your W-4 Form - only applicable to the current year.
Current year only: If you owed taxes this year when you filed your previous return, you may want to update your paycheck tax withholding as soon as possible. Use the eFile.com TAXometer tool to help you determine paycheck tax withholding that works for you.
Estimate your previous year(s) income tax return now and find out what your federal tax refund will be or if you owe taxes.
Follow this tax timeline and you will be on a safe track to get your Taxes done right and on time in the year they are due.
File your 2020 Return as soon as possible if you owe taxes.
Additional Resources
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