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Taxes

Tax Refund Calculator

Estimate your federal tax refund by comparing the tax you owe against what was withheld from your paychecks. A positive result is a refund; a negative result is a balance due.

Your details

Estimated refund (or balance due)
$2,951.00
Federal tax owed
$9,049.00
Tax withheld
$12,000.00
Taxable income
$64,250.00
Estimated refund (or balance due)$2,951.00

Formula

Taxable income = gross income − pre-tax deductions − standard deduction. Federal tax owed is computed on the 2025 brackets for your filing status. Refund = tax withheld − tax owed. This is a simplified estimate that uses the standard deduction and excludes credits and additional income.

Frequently asked questions

Why might my real refund differ?

This estimate uses the standard deduction and federal income tax only. Tax credits (child tax credit, education, earned income), itemized deductions, self-employment tax, and state tax all change your actual result.

Is a big refund good?

A large refund means you over-withheld and gave the government an interest-free loan. Adjusting your W-4 can put that money in your paychecks during the year instead.

Sources & methodology

Simplified estimate: 2025 brackets and standard deduction, federal income tax only. Excludes credits, itemized deductions, self-employment tax, and state tax. Not tax advice.

Last updated: 2026-07-20

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