Tax Refund Estimator
Estimate a federal refund or balance due from income, withholding and credits.
How this number is built
Doing it by hand
Step 1
Start with gross income from all sources.
Step 2
Subtract pre-tax retirement and HSA contributions to reach AGI.
Step 3
Take the larger of the standard deduction or your itemised total.
Step 4
Apply the bracket schedule to the remaining taxable income.
Step 5
Subtract credits, then compare against what you already had withheld.
What people ask next
Is a big refund good?
It means you lent money interest-free all year. Adjusting withholding puts that cash in your monthly budget instead.
Why does my state refund differ?
States use their own brackets, deductions and credits, and several have no income tax at all.
Searches this page answers
| Related search | Goes to |
|---|---|
| nyc tax refund status | How to Calculate Tax Refund |
| tax refund | How to Calculate Tax Refund |
| how to calculate tax refund | How to Calculate Tax Refund |
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