Tax Refund Calculator

Estimate your federal and state tax refund or amount owed.

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Important Financial Disclaimer

This calculator provides estimates based on standard financial formulas from verified references. Results are for informational and educational purposes only and should not be considered as professional financial, investment, or tax advice.

For important financial decisions such as loans, investments, mortgages, retirement planning, or tax matters, please consult with qualified financial advisors, certified financial planners, or licensed tax professionals who can review your specific situation.

Calculations may not account for all variables specific to your circumstances, local regulations, or current market conditions. Always verify results and consult professionals before making financial commitments.

Not a substitute for professional financial advice

Income & Withholding

$
$
$

Deductions

$
$
$

Tax Credits

$
$
$
$

Estimated Total Refund

$4,259

9.7% effective tax rate

Federal Refund
$4,759
State Refund
-$500
Tax Liability
$7,241
Total Withheld
$15,000

Tax Calculation Summary

Gross Income$75,000
Adjusted Gross Income$70,000
Deduction-$14,600
Taxable Income$55,400
Tax Before Credits$7,241
Tax Credits-$0
Tax After Credits$7,241

Federal Refund Breakdown

Federal Withheld$12,000
Tax Liability-$7,241
Refund$4,759
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