This tax refund estimator calculates your estimated 2025 federal income tax liability and compares it to your tax withholding to show whether you can expect a refund or owe money. It uses 2025 IRS tax brackets from Revenue Procedure 2024-40 and the updated standard deductions from the One Big Beauti...
Wages, salary, freelance income, and other taxable income
Box 2 on your W-2. Add amounts from all W-2s.
Education credits, EV credits, EITC, etc.
ESTIMATED REFUND
$2,928.50
Tax liability: $5,071.50 · Effective rate: 8.45%
TAX LIABILITY
$5,071.50
REFUND
$2,928.50
EFF. RATE
8.45%
INCOME BREAKDOWN
WITHHELD vs LIABILITY (% of income)
✓ Estimated refund of $2,928.50 — you over-withheld
Marginal rate: 12% · Effective rate: 8.45%
Live diagram · updates as you type
Select your filing status and enter your total gross income for 2025 — this includes wages, salary, freelance income, and any other taxable income before deductions.
Enter your total federal income tax withheld from all W-2s and 1099s for the year. You can find this in Box 2 of your W-2 form.
Choose standard or itemized deductions. The 2025 standard deduction is $15,750 (single) or $31,500 (MFJ). If your itemized deductions (mortgage interest, state taxes, charitable gifts) exceed this, enter the itemized total instead.
Enter any tax credits — number of children for the Child Tax Credit ($2,200 each in 2025) and any other credits. The calculator subtracts these from your tax liability to show your final refund or balance due.
John is single with $60,000 gross income in 2025 and $8,000 withheld in federal taxes. Step 1: Standard deduction → $60,000 − $15,750 = $44,250 taxable income. Step 2: Tax → $11,925 × 10% = $1,192.50 + ($44,250 − $11,925) × 12% = $3,879 → Total tax = $5,071.50. Step 3: No credits. Step 4: Refund = $8,000 − $5,071.50 = $2,928.50. John is over-withheld and will receive a $2,928.50 refund.
| FILING STATUS | STANDARD DEDUCTION | NOTES |
|---|---|---|
| Single | $15,750 | Up from $15,000 (OBBBA +$750) |
| Married Filing Jointly | $31,500 | Up from $30,000 (OBBBA +$1,500) |
| Married Filing Separately | $15,750 | Same as single |
| Head of Household | $23,625 | Up from $22,500 (OBBBA +$1,125) |
| Child Tax Credit (2025) | $2,200 | Per qualifying child under 17 (OBBBA raised from $2,000) |
Source: IRS Rev. Proc. 2024-40 + One Big Beautiful Bill Act (OBBBA), signed July 4, 2025 · Brackets: 10%, 12%, 22%, 24%, 32%, 35%, 37%
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IRS Rev. Proc. 2024-40 · OBBBA standard deductions effective 2025 · CTC $2,200 per child · Last updated: April 25, 2026 · For informational purposes only — consult a tax professional · Eagle-eyed accuracy for every calculation.