Tax Refund Calculator

Estimate your tax refund or amount owed based on your income, deductions, and credits

Tax Information

Enter your tax details to calculate refund or amount owed

Filing Status

👤

Single

Standard deduction: $13,850

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Married Jointly

Standard deduction: $27,700

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Married Separately

Standard deduction: $13,850

🏠

Head of Household

Standard deduction: $20,800

Wages, Salaries, Tips

$

Interest Income

$

Itemized Deductions (Optional)

$

$0 $50,000

Tax Credits (Optional)

$

$0 $10,000

Federal Tax Withheld

$

$0 $100,000

Your Tax Summary

$2,450

Estimated Tax Refund

Tax Calculation Breakdown

Total Income $75,500

Standard Deduction $13,850

Taxable Income $61,650

Income Tax $9,550

Tax Credits $0

Total Tax $9,550

Tax Withheld $12,000

12.6%

Effective Tax Rate

22%

Marginal Tax Rate

Tax Breakdown

Tax Saving Tips

• Maximize Retirement Contributions

  Contribute to tax-advantaged accounts like 401(k) or IRA to reduce taxable income.

• Charitable Donations

  Donate to qualified charities and keep receipts for tax deductions.

• Home Office Deduction

  If you work from home, you may qualify for home office deductions.

Tax Planning Strategies

Retirement Savings

Maximize contributions to retirement accounts like 401(k)s and IRAs to reduce taxable income and grow your savings tax-deferred.

Health Savings Accounts

Contribute to HSAs for triple tax benefits: tax-deductible contributions, tax-free growth, and tax-free withdrawals for medical expenses.

Tax-Loss Harvesting

Sell investments at a loss to offset capital gains and reduce your tax liability while maintaining your investment strategy.