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Tax Refund Calculator

Estimate Your Refund or Amount Owed

Inputs

Tax Profile

IRS-backed tax years available: 2020–2026. New years appear here after the shared IRS limits config is updated.

Income & Payments

$
$
$
$

Deductions & Credits

$
$
%

Results

Estimated Refund

$4,766

Refund projected · Total Tax Liability: $4,834 · Total Payments: $9,600

Refund Breakdown

$9,600
$3,064
$1,770
$2,000
Payments
Federal Tax
State Tax
Credits

Filing Status

Refund projected

Your payments are above the modeled tax liability. A large refund can be nice at filing time, but it may also mean withholding ran high during the year.

Gross Income
$60,000
Standard Deduction
$15,750
Applied Deduction
$15,750
Taxable Income
$44,250
Federal Tax Before Credits
$5,064
Credits Applied
$2,000
Federal Tax
$3,064
State Tax
$1,770
Total Tax Liability
$4,834
Total Payments
$9,600
Estimated Refund
$4,766
Marginal Federal Rate
12.0%
Effective Tax Rate
8.1%
Payment Coverage
198.6%
Tax Filing Estimate

Turn withholding, deductions, credits, and brackets into a refund estimate

A refund is not a bonus from the tax agency. It is the difference between what you prepaid through withholding or estimated payments and the tax liability implied by your income, filing status, deductions, credits, and state assumptions. Cross-check with the IRS Tax Withholding Estimator before changing payroll settings.

"Use this as a planning model before filing. Real returns can change because of dependents, phaseouts, alternative minimum tax, self-employment tax, local rules, and forms not modeled here."

Start With Withholding

Use year-to-date federal and state withholding from your paystub or W-2, not just one paycheck multiplied by memory.

Pick The Right Deduction

Compare itemized deductions with the standard deduction. The IRS credits and deductions hub is the best official starting point.

Watch The Gap

A small refund or small balance due usually means withholding tracked your liability closely; a large swing is a signal to adjust payroll settings.

Frequently Asked Questions

  • It estimates taxable income after the standard or itemized deduction, applies IRS federal brackets for the selected tax year, subtracts tax credits, adds optional state tax, then compares total liability with withholding and estimated payments. For an official check, use the IRS Tax Withholding Estimator.
  • A refund means your payments were higher than the estimated tax liability. That can be helpful for forced saving, but a very large refund may mean too much was withheld during the year.
  • Filing status changes the standard deduction and federal bracket thresholds. This calculator reads those year-specific numbers from the project IRS limits config, based on official IRS bracket guidance such as federal income tax rates and brackets.
  • Use standard if you do not have itemized deductions above the standard deduction. If you enter itemized deductions, the calculator applies the larger of itemized or standard. Review official IRS credits and deductions before filing.