Very good Dictionary where you can get the meaning and pronunciation of most common Icelandic words. Free and online
Very useful Dictionary where you find how to conjugation every Icelandic word. Free and online
Snara.is On this web you find many Dictionaries: Icelandic and English, Danish, Polish, German, French, Spanish and Italian. This is exellent for students that really likes to learn Icelandic, translate or write on Icelandic. For two years you pay 9600 ISK, for one month 600 ISK. You can choose your subscription.