Estimating your federal income tax starts with your total income from all sources: wages, interest, dividends, capital gains, retirement income, and more. From there, above-the-line deductions reduce that amount to your Adjusted Gross Income (AGI).
Next, you choose between the standard deduction and itemizing (mortgage interest, property tax, charitable donations, and other eligible expenses) — whichever is larger reduces your taxable income further.
Finally, tax credits such as the Child Tax Credit, Child & Dependent Care Credit, and education credits are subtracted directly from your tax bill, which can turn what you owe into a refund.
This calculator reflects 2025 and 2026 tax law, including new provisions from the One Big Beautiful Bill Act (OBBBA): no tax on tips, no tax on overtime, deductible car loan interest, and an additional deduction for seniors.
This calculator is mainly intended for residents of the U.S. and estimates the refund or potential owed amount on a federal tax return based on 2025 and 2026 US tax brackets and rules.
It starts with your total income from all sources - wages, interest, dividends, capital gains, retirement income, and more - and above-the-line deductions reduce that amount to your AGI.
You choose whichever is larger between the standard deduction and itemizing (mortgage interest, property tax, charitable donations, and other eligible expenses), since that reduces your taxable income further.
Tax credits such as the Child Tax Credit, Child & Dependent Care Credit, and education credits are subtracted directly from your tax bill, which can turn what you owe into a refund.
It reflects 2025 and 2026 tax law, including new provisions from the One Big Beautiful Bill Act (OBBBA): no tax on tips, no tax on overtime, deductible car loan interest, and an additional deduction for seniors.