Mar 30, 2020 · Next year, when it comes time to do your taxes, and you’re supposed to get a refund for $3,500, the tax form would have a line where you list the stimulus payout you received in 2020. The $2,900 advance would be deducted from your expected refund, leaving a net refund of $600. Before the end of 2020, individuals should consider tax withholdings and what should be done now before filing taxes in 2021. The pandemic delayed filing this year and if you aren't careful the ... Loading ... Loading Oct 28, 2020 · Tax calculators are a way you can figure out tax liability, tax refund, and taxes withheld. Before the 2021 tax season arrives, use the tax calculator to see if you’re going to end up owing to the IRS or get a refund. By using the tax calculator, you will be able to see your taxes ahead. The purpose of the tax calculator is to give you insights into your 2021 anticipated tax return.