Tax Refund Estimator
Estimate your tax refund or amount owed based on annual income, withholding, deductions, and credits.
Published by:
isCalculator Editorial Team
Was this calculator helpful?
How to use this tool?
This calculator estimates your tax refund or amount owed based on your income, withholding, deductions, credits, and filing status.
- Enter Annual Income – Your total yearly earnings (e.g., 60000).
- Enter Total Withholding – The amount already withheld from your paychecks (e.g., 8000).
- Enter Deductions – Your standard or itemized deductions (e.g., 13850 for single filers in 2023).
- Enter Tax Credits – Any credits you qualify for (e.g., 1000).
- Select Filing Status – Choose Single, Married Filing Jointly, or Head of Household.
- Click "Calculate Refund" – The result shows whether you get a refund, owe taxes, or break even, with a breakdown of taxable income, estimated tax, and withholding.
All monetary values should be in dollars (no commas). Negative numbers are not allowed.
Previous Results
| Result | Inputs | Date |
|---|
Frequently Asked Questions
This estimator uses simplified tax brackets and does not account for all tax situations. It provides a rough estimate and should not be used for filing taxes. Consult a tax professional for accuracy.
Single, Married Filing Jointly, and Head of Household are supported. Other statuses like Married Filing Separately are not included.
Enter either your standard deduction or total itemized deductions. For 2023, the standard deduction is $13,850 for single, $27,700 for married filing jointly, and $20,800 for head of household.
