Income Tax Calculator
The Income Tax Calculator estimates the refund or potential owed amount on a federal tax return. It is mainly intended for residents of the U.S. and is based on the tax brackets of 2024 and 2025. The 2025 tax values can be used for 1040-ES estimation, planning ahead, or comparison.
Your Tax Summary
Based on your inputs, your estimated tax refund is $2,450.
Total Income: $80,000
Adjusted Gross Income (AGI): $75,200
Taxable Income: $60,200
Total Tax: $6,550
Modify the values and click the Calculate button to use
| File Status | |
| No. of Young Dependents |
Age 0-16
|
| No. of Other Dependents |
Age 17 or older
|
| Tax Year |
|
Income
| Wages, Tips, Other Compensation |
$
|
(W-2 box 1) |
| Federal Income Tax Withheld |
$
|
(W-2 box 2) |
| State Income Tax Withheld |
$
|
(W-2 box 17) |
| Local Income Tax Withheld |
$
|
(W-2 box 19) |
| Has Business or Self Employment Income? | ||
| Interest Income |
$
|
1099-INT |
| Ordinary Dividends |
$
|
|
| Qualified Dividends |
$
|
1099-DIV |
| Passive Incomes |
$
|
e.g. rentals and real estate, royalties |
| Short-term Capital Gain |
$
|
|
| Long-term Capital Gain |
$
|
|
| Other Income |
$
|
e.g. unemployment pay(1099-G), retirement pay (1099-R) |
| State+Local Tax Rate |
%
|
Deductions & Credits
| IRA Contributions |
$
|
| Real Estate Tax |
$
|
| Mortgage Interest |
$
|
| Charitable Donations |
$
|
| Student Loan Interest |
$
|
| Child & Dependent Care Expense |
$
|
| College Education Expense |
$
|
| Other Deductibles |
$
|