A Tax Calculator is a tool designed to help individuals and businesses estimate their tax obligations. By inputting relevant financial information, such as income, deductions, and credits, users can receive an approximate calculation of their taxes owed or potential refunds. This can simplify the tax preparation process and provide a clearer understanding of one's financial situation. Many Tax Calculators are available online, often provided by government agencies or financial institutions. They can vary in complexity, from basic calculators for simple tax situations to more advanced versions that accommodate various tax scenarios. Using a Tax Calculator can help taxpayers plan their finances more effectively throughout the year.