![]() ![]() Show Pros, Cons, and More chevron down icon An icon in the shape of an angle pointing down. In addition to estimating how much you'll get back as a refund, or how much you'll owe, the calculator shows your effective tax rate, or the percentage of your income you pay in taxes overall. If you were self-employed, add up your quarterly estimated payments. If you had multiple jobs, add up how much each employer withheld for taxes. Payments: If you were an employee, check your final pay stub of the year to see how much of your income was withheld for income taxes and enter that number in this field.If the total of your itemized deductions - this includes things like mortgage interest and medical expenses - is larger, enter that amount. Deductions: This field will be pre-filled with the standard deduction after you select your filing status.(Note: We considered dependents to be children 17 and under who qualify for the child tax credit). Dependents: How many dependents you claim.When you prepare your tax return, you might also qualify to write off other items, such as student-loan interest or half of your self-employment taxes, that will ultimately lower your taxable income). (Note: We included these above-the-line deductions because they're common. ![]() Income: Your gross income for the tax year, as well as how much you contributed to a 401(k) or traditional IRA.Personal info: Your filing status and age.Here's what you'll need to estimate your income tax refund or bill using our calculator: See Insider's picks for the best tax software > How to use the tax calculator ![]()
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