2024-2025 Tax Refund Calculator
Estimate your federal tax refund for free today!
Wondering what to expect when you file your taxes in 2025? Use our free calculator to estimate your tax refund or liability before you sit down to file. Rest assured that our calculations are up to date with current tax brackets and tax law changes to give you the most accurate estimate. Enter your information for the year, and let our calculator do the rest.
Income
Credits
Your refund estimate
2024
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Refund Summary
Income:
- Deductions
- Exemptions
= Taxable Income
Tax:
- Credits:
- Earned Income Credit:
- Additional Child Tax Credit:
-Total Payments:
What you told us
Personal Information
Filing Status
Your Age
Your Spouse's Age
Can someone claim you as a dependent?
Number of Dependents
Child care expenses
Income
Your annual year-to-date taxable wages
Your year-to-date federal withholdings
Your year-to-date total state withholdings
Your year-to-date unemployment income
Your year end business profit/loss
Your IRA/Pension Distributions
Your social security benefits
Your spouse's annual year-to-date taxable wages
Your spouse's year-to-date federal withholdings
Your spouse's year-to-date total state withholdings
Your year-to-date unemployment income
Your year end business profit/loss
Your IRA/Pension Distributions
Your spouse's social security benefits
Interest
Long-term gains/losses
Short-term gains/losses
Dividends
Alimony received
Miscellaneous income
Deductions
Medical expenses
Real estate tax
Mortgage interest
Cash and check donations
Non cash donations
Employee business expenses
Other Payments
Are you or your child attending college?
Total tuition and fees paid
Total student loan interest paid
Do you participate in a work retirement plan?
Your retirement plan contributions
Your spouse is eligible to participate in a work retirement plan
Your spouse's retirement plan contributions
Alimony paid
Total estimated federal taxes paid
Total other state taxes paid
How the TaxSlayer refund calculator works
The TaxSlayer refund calculator estimates your refund based on your filing status, number of dependents, total income, tax withholdings, payments you’ve already made, and major credits and deductions you qualify for.
Using the information you provide, we'll calculate your taxable income and expected tax refund or liability amount.
Using the information you provide, we'll calculate your taxable income and expected tax refund or liability amount.
- Enter your personal information
- Filing Status: Select whether you’ll file Single, Married Filing Jointly, Married Filing Separately, Head of Household, or Qualifying Widow(er).
- Dependents: Enter the number of dependents you can claim and how old they are. This can affect your eligibility for certain tax credits and deductions.
- Age: You’re asked to enter your age (and the age of your spouse if you’re married), because that can influence certain tax credits or deductions.
- Fill out your income information
- Wages, salaries, and tips: Enter your income from employment, as reported on your W-2 forms.
- Other income: Include additional income sources like self-employment income, interest, dividends, rental income, or unemployment benefits.
- Adjustments to income: Enter any adjustments, such as contributions to retirement accounts, student loan interest payments, or educator expenses.
- Estimate your credits and deductions
- Standard or itemized deductions: You’ll choose whether to take the standard deduction or itemize your deductions (such as mortgage interest, property taxes, or charitable contributions). The calculator will provide estimates for some common deductions.
- Tax credits: Enter any tax credits you qualify for, such as the Child Tax Credit, Earned Income Tax Credit, education credits, or energy-saving credits.
- Enter your tax withholding amount
- Federal and state taxes withheld: Input the amount of federal and state taxes withheld from your paychecks throughout the year. You can find this info reported on your W-2 forms.
- Estimated tax payments: If you’re self-employed or have additional income sources that aren’t subject to withholding, include any estimated tax payments you made during the year.
The refund calculator's default assumptions
Based on your input, these tax liability and credit amounts are automatically calculated and applied to your results:
- Child Care Credit
- Retirement Savings Contributions Credit
- Child Tax Credit and Additional Child Tax Credit
- Earned Income Credit (EIC)
- Taxable Social Security
- Self-Employment Tax
Documents you need to use the tax refund calculator
You don’t need to have all your current year tax forms to use the calculator, but your results will depend on the accuracy of the information you enter. For this reason, we recommend having these records handy if possible:To save time when you’re ready to file, it helps to gather your forms and tax documents before you begin. Check out our tax document checklist for a full list of the records you’ll need to make slaying your taxes easier this year.
- All W-2 Wage and Tax Statements (for yourself and your spouse if applicable)
- Any and all Form 1099s
- Any other miscellaneous income records
- Child and dependent care expenses
- Education expenses
- Business expense records
- Quarterly estimated tax payment receipts
- Contributions to an IRA, 529, or other retirement accounts
- Student loan interest paid
- Unreimbursed medical expenses
- Real estate tax
- Mortgage interest
- Charitable donation receipts
Benefits of using a tax refund estimator
A tax refund estimator gives you an idea of how much money you can expect to get back after you file your taxes. This allows you to plan for and make informed decisions around budgeting, savings, or any specific expenses you intend to cover with your tax refund.
Using our tax refund calculator is risk-free and has no impact on your actual refund.
Using our tax refund calculator is risk-free and has no impact on your actual refund.
Next steps after estimating your tax refund
Once you’ve gotten your estimated refund amount, you can always adjust your entries to see how changes in income, deductions, or credits might affect your refund or tax liability.
When you’re ready to begin filing your income tax return, TaxSlayer has several options, so you can find the right one for your unique tax situation and budget. Compare our online tax software.
When you’re ready to begin filing your income tax return, TaxSlayer has several options, so you can find the right one for your unique tax situation and budget. Compare our online tax software.
Frequently asked questions about estimating your tax refund
Still wondering how our tax refund calculator works? We’ve answered some more common questions about estimating your tax refund in the section below.
Will I get a 2024 tax refund?
Your tax situation can vary from year to year, depending on tax law changes, major life events, and other factors. Using a tool like the tax refund calculator can help determine if you can expect a refund when you go to file your 2024 income taxes.
You typically receive a tax refund after filing your federal tax return if you pay more tax during the year than you owe. This kind of overpayment can occur when too much tax is withheld from your paychecks. You might also get money back from the IRS if you claim a refundable tax credit that is larger than the amount you owe.
You typically receive a tax refund after filing your federal tax return if you pay more tax during the year than you owe. This kind of overpayment can occur when too much tax is withheld from your paychecks. You might also get money back from the IRS if you claim a refundable tax credit that is larger than the amount you owe.
When will I get my 2024 tax refund?
Most tax refunds are delivered within 21 days after the IRS accepts your return. Learn more about the federal tax refund process and track your refund here.
How do I calculate my estimated tax refund?
Our tax refund calculator will do the work for you. You'll fill out basic personal and family information to determine your filing status and claim any dependents. The other sections will calculate your taxable income and find credits and deductions you can claim on your return.
Is my income taxable?
Most types of income are taxable. You will enter wages, withholdings, unemployment income, Social Security benefits, interest, dividends, and more in the income section so we can determine your 2024 tax bracket and calculate your adjusted gross income (AGI). This amount minus your deductions is used to calculate your taxable income.
What should I do if the calculator estimates that I owe taxes?
No one wants to find out at the last minute that they have a surprise tax bill. If the calculator estimates that you’ll owe, you can use that information to plan ahead. Keep in mind that the results may be different from your final liability when you file your actual return.
When you’re ready, go ahead and file your income tax return using the TaxSlayer option that suits you. If you file at the start of the season, you'll maximize the time to budget and pay your tax bill.
When you’re ready, go ahead and file your income tax return using the TaxSlayer option that suits you. If you file at the start of the season, you'll maximize the time to budget and pay your tax bill.
Also available for iPhone and Android.
The TaxSlayer Online Refund Calculator is provided for estimation purposes. It is in no way intended to be used in the preparation and filing of forms with the IRS. This is provided as a complimentary service on an as-is basis and TaxSlayer makes no warranty as to the accuracy of the calculations or results. Use of this calculator is subject to the TaxSlayer Terms of Use and TaxSlayer Privacy Policy.
