Tax Return Calculator — Calculate Your Tax Refund or Amount Due

Tax Return Calculator

Calculate your tax return or amount owed. Estimate your tax refund based on income, deductions, credits, and filing status across major currencies.

Step 1: Income & Filing Status

$60,000
$10,000
1

Understanding Tax Withholding

Tax withheld is the amount already taken from your paycheck throughout the year. This calculator estimates if you’ll get a refund or owe additional tax.

Step 2: Deductions & Credits

$1,000

About Tax Calculations

This calculator provides estimates based on simplified tax brackets. Actual tax liability may vary based on specific tax laws, additional credits, and deductions.

Tax Return Results

Summary
Status Comparison
Breakdown

Estimated Tax Return

+$2,450
Based on $60,000 income and $10,000 withheld
Tax Liability
$7,550
Effective Tax Rate
12.58%
Monthly Refund
$204
Withholding vs. Liability
+$2,450

Filing Status Comparison

Filing Status Standard Deduction Tax Liability Estimated Refund

Tax Liability Breakdown

Tax Calculation Formula

Tax Return = Tax Withheld – Tax Liability + Credits

Your tax return (refund) is calculated by subtracting your actual tax liability from the amount already withheld, then adding any applicable tax credits.

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