Tax Rebate Calculator
Calculate your estimated tax rebate or amount owed for the current tax year. Get an instant estimate of your potential refund based on income, deductions, and credits.
Step 1: Income & Filing Status
Understanding Filing Status
Your filing status affects your tax brackets, standard deduction, and eligibility for certain credits. Choose the status that best matches your situation.
Step 2: Deductions & Credits
About Tax Credits
Tax credits directly reduce your tax liability dollar-for-dollar. Common credits include Child Tax Credit, Education Credits, and Earned Income Tax Credit.
Tax Calculation Results
Estimated Tax Rebate / Amount Owed
Current Tax Brackets (2024)
| Tax Rate | Single Filers | Married Filing Jointly | Head of Household |
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Tax Calculation Breakdown
Tax Calculation Formula
Tax Rebate = (Tax Already Withheld + Credits) – (Gross Income – Deductions) × Tax Rate
To calculate your tax rebate: Subtract deductions from gross income to get taxable income, apply progressive tax rates, then subtract tax already withheld and credits.
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