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Tax Refund Estimator
Estimate your federal tax refund or amount owed based on 2024 US tax brackets.
Estimated Refund
$659
You may receive this amount back from the IRS
Effective Tax Rate
11.1%
W-2 Income
Enter wages from your W-2 forms
1099 Income (Self-Employment/Freelance)
Enter income from 1099-NEC, 1099-MISC, or 1099-K forms
No 1099 forms added yet
Other Income & Adjustments
Above-the-line deductions that reduce your AGI
Tax Credits
Credits reduce your tax dollar-for-dollar
Up to $2,000 per qualifying child
Refundable credit
Filing Options
Standard Deduction: $14,600
Tax Summary
Gross Income$75,000
- Adjustments($0)
AGI$75,000
- Deduction($14,600)
Taxable Income$60,400
Federal Tax$8,341
- Credits Applied($0)
Tax Liability$8,341
Total Withheld$9,000
- Tax Owed($8,341)
Refund$659
Income Sources
W-2 Wages
$75,000Tax vs Payments Comparison
Compare your tax liability against your withholdings and credits
Tips for Maximizing Your Refund
Increase Deductions
- - Contribute to traditional IRA or 401(k)
- - Maximize HSA contributions if eligible
- - Track charitable donations
- - Consider itemizing if deductions exceed standard
Claim All Eligible Credits
- - Child Tax Credit ($2,000 per child)
- - Earned Income Credit (if income qualifies)
- - Education credits (AOTC, LLC)
- - Energy efficiency credits
Adjust Withholding
- - Update W-4 if getting large refunds
- - Consider increasing allowances for smaller refunds but bigger paychecks
- - Make estimated payments if self-employed
Important Deadlines
- - Tax filing deadline: April 15
- - IRA contribution deadline: April 15
- - Extension deadline: October 15
- - HSA contribution deadline: April 15
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