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Taxes/Tax Refund Calculator

Tax Refund Calculator

Estimate whether you are getting a refund or writing a cheque — and by how much — before you file.

2026 ESTIMATEFederal + stateCreditsWithholding checkNo SSN
Saved Estimates· Auto-save on
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The CalculatorPage 1
$
$
W-2 box 2, or the total of your estimated payments for the year.
$
$
Total non-refundable credits. They reduce tax owed, never below zero.
$
$
Looking up a filed return? Use the IRS Where's My Refund tool. This page only estimates, and it never asks for your SSN.
$2,370estimated balance due
You oweFederal $2,370State $0
Federal tax owed$9,870
Federal withheld$7,500
Gross income$85,000
Taxable income$68,900
Federal tax$9,870
Federal tax after credits$9,870
Federal withheld$7,500
Federal due$2,370
State tax (TX)$0
State withheld$0
State refund$0
Net due$2,370
You under-withheld by
$2,370
A balance due is not a penalty on its own — but if you underpay too much, an underpayment penalty can apply. Consider a mid-year estimated payment.
Estimation only. Not tax advice, and not a substitute for the IRS Where's My Refund lookup for a return you have already filed.
Data Source & Legal Disclaimer
Effective: 2026 tax year (IRS Rev. Proc. 2025-32)Last updated: 3 weeks agoUpdate: Annual
Sources: IRS Revenue Procedure 2025-32 (2026 inflation adjustments) · IRS.gov — Federal income tax rates and brackets · State tax rates: respective state Department of Revenue websites

Uses 2026 federal brackets and standard deductions (IRS Rev. Proc. 2025-32). State tax is simplified — the state taxable base is assumed to equal the federal taxable base, and some states have credits, exemptions or local taxes not modelled here. Credits and phase-outs beyond the single input field are not included. Estimation only; not tax advice.

See all data sources & update policy →
How it worksPage 2

This estimates your refund. It cannot look it up.

Worth being precise about, because the two get confused constantly. The IRS “Where’s My Refund?” tool tracks a return you have already filed — it needs your SSN, filing status and the exact refund amount, and it reads the status off the IRS system. This calculator does the opposite: it works out what your refund should be from your income and withholding, before you file. Use it to check whether your withholding is on target, or to sanity-check the number your preparer gives you. It has no idea whether the IRS has processed anything.

A refund is not a bonus. It is the difference between what was withheld from your pay during the year and what you actually owed. A large refund means you lent the government money at 0% interest for up to twelve months — which is why the fix is a new W-4, not a celebration.

Refund = withheld − owed
Federal only — state runs the same way in parallelWithheld from pay$7,500−Tax actually owed$9,870Balance due$2,370Over-withholding produces a refund; under-withholding produces a bill, plus a possible underpayment penalty.

Withholding is a running prepayment. Whatever is left over at filing time comes back to you.

What you owe vs what you already paid
Solid bars are federal, lighter bars are state. When the paid bar is the taller one, you are getting money back.
$0$3k$5k$8k$10k$10kTax you owe$8kTax you paid
Worked example

A single filer in Texas earning $85,000 with $7,500 of federal tax withheld during the year.

  1. Taxable income:$85,000 − $16,100 standard deduction = $68,900
  2. Federal tax:≈ $10,320 across the 10%, 12% and 22% brackets
  3. Withheld:$7,500 was prepaid through payroll
  4. Result:A balance due of about $2,820 — under-withheld, not a penalty in itself
FAQ & detailsPage 3

About this tool

What is this tool?

Estimate your federal and state refund or balance due from your income, withholding and credits — before filing. Shows how much you over- or under-withheld. No SSN required.

Federal + stateCreditsWithholding checkNo SSN

A Refund Is Not a Bonus

A tax refund is the difference between what was withheld from your pay during the year and what you actually owed. If more was withheld than you owed, the excess comes back to you. That money was yours all along — it simply sat with the government instead of in your account, earning nothing, for anywhere from a few months to a full year. A large refund is usually a sign that your W-4 withholding is set too high, not that you did well.

This Estimates. It Does Not Track.

It is worth being precise, because the two get confused constantly. The IRS "Where's My Refund?" tool tracks a return you have already filed — it needs your Social Security number, filing status and exact refund amount, and it reads the status from the IRS system. This calculator does the opposite: it works out what your refund should be from your income and withholding, before you file. Use it to check your withholding or to sanity-check a preparer's number. It has no information about whether the IRS has processed anything, and it never asks for your SSN.

How Withholding Becomes a Refund

Your employer withholds federal income tax from each paycheque based on the W-4 you filed. That withholding is a running prepayment against a tax bill that is not calculated until you file. At filing time the two are compared: if withholding exceeds the tax you owe, you get a refund; if it falls short, you have a balance due. Under-withholding by a large amount across the year can also trigger an underpayment penalty, which is why the fix is a corrected W-4 rather than a one-off payment.

Worked Example: $85,000 Earned, $7,500 Withheld

A single filer in Texas earns $85,000. The 2026 standard deduction of $16,100 leaves $68,900 of taxable income, producing roughly $9,870 of federal income tax. With $7,500 withheld during the year, there is a balance due of about $2,370. That is not a penalty by itself — it simply means the payroll withholding was set lower than the actual liability. The same filer withholding $11,000 would have seen a refund of about $1,130 instead.

Credits Reduce What You Owe

Tax credits subtract directly from the tax you owe, which makes them more valuable than deductions of the same size. A deduction reduces your taxable income, so its benefit depends on your marginal rate; a credit reduces the bill dollar for dollar. Some credits, such as the Child Tax Credit and the Earned Income Tax Credit, are partly or fully refundable, meaning they can generate a refund even when your tax liability is zero. This calculator applies the credits you enter against federal tax and never lets the result go below zero.

Frequently Asked Questions

Can this tool tell me where my filed refund is?

No. This is a before-you-file estimator, not a tracker. To check the status of a return you have already submitted, use the IRS Where's My Refund tool, which needs your SSN, filing status and exact refund amount.

Why do I owe money instead of getting a refund?

Your payroll withholding was set lower than your actual tax liability for the year. Common causes are a raise that pushed you into a higher bracket, a second job, self-employment income with no withholding, or a W-4 claiming more allowances than were warranted. Filing a corrected W-4 spreads the correction across the following year.

Does getting a refund mean I paid too much tax?

It means too much was withheld, which is not the same thing. Your total tax liability was correct; the prepayment was simply larger than necessary. The cost is the lost use of that money during the year, not an overpayment of tax.

Is a balance due the same as a penalty?

No. Owing tax when you file is not a penalty in itself. A separate underpayment penalty can apply if you underpaid substantially across the year, and it is calculated on the shortfall and how long it was outstanding, not on the total balance.

Does this calculator handle state refunds?

Yes. Enter your state and the state tax withheld, and it estimates the state refund or balance due alongside the federal one. States have their own withholding rules and deduction structures, so the state figure is an estimate.

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