Free Tax Refund Estimator
Find out if you're getting money back or if you owe. Enter your income, deductions, credits, and withholding to get an instant estimate.
Filing Details
$
$
Net income after business expenses
$
Interest, dividends, capital gains, etc.
Estimated Refund
$1,610.96
You overpaid12.1% effective rate
Full Breakdown
W-2 Wages$65,000
Federal Income Tax$5,672
State Tax (California)$2,217.04
Federal Tax Withheld-$7,500
State Tax Withheld-$2,000
Summary
Total Income$65,000
Adjusted Gross Income$65,000
Total Deductions$16,100
Taxable Income$48,900
Federal Tax$5,672
State Tax$2,217.04
Total Tax$7,889.04
Total Payments & Withholding$9,500
Refund$1,610.96
Understanding Your Refund
Refund vs. Owed
A refund means you overpaid taxes throughout the year. Owing means you underpaid. Neither is inherently good or bad.
Deductions vs. Credits
Deductions reduce your taxable income. Credits reduce your actual tax bill dollar-for-dollar. Credits are more valuable.
Disclaimer
This is an estimate for planning purposes. Your actual refund depends on your complete tax situation. Consult a tax professional for advice.