Tax Refund Calculator
Calculate your tax refund or tax liability. Understand how income, deductions, credits, and filing status affect your tax return outcome.
Step 1: Income Details
Understanding Your Income
Gross income includes all wages, salaries, tips, and other income before any deductions. Federal tax withheld is the amount already taken from your paychecks throughout the year.
Step 2: Deductions & Credits
About Tax Credits
Tax credits directly reduce your tax liability dollar-for-dollar. Common credits include Child Tax Credit, Earned Income Tax Credit, and education credits. Dependents may also qualify you for additional deductions.
Tax Refund Results
Estimated Tax Refund
Filing Status Comparison
| Filing Status | Tax Liability | Tax Refund | Effective Tax Rate | Standard Deduction |
|---|
Tax Breakdown Analysis
Tax Refund Formula
Tax Refund = Total Withholdings + Credits – Tax Liability
Your tax refund is calculated by determining your total tax liability based on income and deductions, then subtracting it from the total tax already paid through withholdings, plus any tax credits you qualify for.
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