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Tax Refund Estimator

Estimate your federal tax refund or amount owed based on 2024 US tax brackets.

Estimated Refund

$659

You may receive this amount back from the IRS

Effective Tax Rate

11.1%

W-2 Income
Enter wages from your W-2 forms
1099 Income (Self-Employment/Freelance)
Enter income from 1099-NEC, 1099-MISC, or 1099-K forms

No 1099 forms added yet

Other Income & Adjustments

Above-the-line deductions that reduce your AGI

Tax Credits
Credits reduce your tax dollar-for-dollar

Up to $2,000 per qualifying child

Refundable credit

Filing Options

Standard Deduction: $14,600

Tax Summary
Gross Income$75,000
- Adjustments($0)
AGI$75,000
- Deduction($14,600)
Taxable Income$60,400
Federal Tax$8,341
- Credits Applied($0)
Tax Liability$8,341
Total Withheld$9,000
- Tax Owed($8,341)
Refund$659
Income Sources
W-2 Wages
$75,000
Tax vs Payments Comparison
Compare your tax liability against your withholdings and credits
Tips for Maximizing Your Refund

Increase Deductions

  • - Contribute to traditional IRA or 401(k)
  • - Maximize HSA contributions if eligible
  • - Track charitable donations
  • - Consider itemizing if deductions exceed standard

Claim All Eligible Credits

  • - Child Tax Credit ($2,000 per child)
  • - Earned Income Credit (if income qualifies)
  • - Education credits (AOTC, LLC)
  • - Energy efficiency credits

Adjust Withholding

  • - Update W-4 if getting large refunds
  • - Consider increasing allowances for smaller refunds but bigger paychecks
  • - Make estimated payments if self-employed

Important Deadlines

  • - Tax filing deadline: April 15
  • - IRA contribution deadline: April 15
  • - Extension deadline: October 15
  • - HSA contribution deadline: April 15