Determine Tax Return Calculator

Interest, ordinary dividends, taxable pensions, unemployment and other income taxed at the ordinary rates.
Schedule C profit after business expenses. Carries self-employment tax as well as income tax.
Deductible IRA and HSA contributions, student loan interest and similar. Half of self-employment tax is added automatically.
Each attracts the $500 non-refundable credit for other dependents.
IRS figure for tax year 2025. Change it if you are estimating a different year.
The additional child tax credit ceiling. IRS figure for tax year 2025.
Earned income credit, American opportunity credit refundable part, and similar.
Box 2 of every W-2 plus any 1099 withholding.
Refund (positive) or amount owed (negative)
1,928.5 USD
Tax Refund Estimator
Adjusted gross income
60,000 USD
Deduction applied
15,750 USD
Taxable income
44,250 USD
Tax on ordinary income
5,071.5 USD
Tax on long-term capital gains
0 USD
Self-employment tax
0 USD
Child tax credit allowed
0 USD
Refundable additional child tax credit
0 USD
Total tax
5,071.5 USD
Total payments and refundable credits
7,000 USD
Effective tax rate on total income
8.453 %
Marginal tax rate
12 %
Tax year and source
2025 (Rate tables: IRS Rev. Proc. 2024-40, section 2.01. Standard deduction: IRS Rev. Proc. 2025-32, section 3.01 (post-OBBBA, IRC 63(c)(7) as amended by P.L. 119-21), which removed Rev. Proc. 2024-40 section 2.15(1).)
Worked out from IRS Form 1040 and instructions: the order of income, adjustments, deduction, tax, credits and payments and 4 other sources.
The earned income credit, education credits, the qualified business income deduction and the alternative minimum tax are not modelled.
An estimate, not a return. It does not model the earned income credit, education or energy credits, AMT, the qualified business income deduction, state tax, or the many phase-outs that apply at higher incomes. Check it against your actual return or a tax professional.

How this is worked out

6 steps
  1. Total income = wages 60000 + other 0 + self-employment 0 + long-term gains 0 = 60000
  2. Adjusted gross income = 60000
  3. Less the standard deduction of 15750 gives taxable income 44250
  4. 10% on 11925 (from 0 to 11925) = 1192.5
  5. 12% on 32325 (from 11925 to 48475) = 3879
  6. Total tax 5071.5 against payments of 7000 leaves 1928.5.
Tax by brackettable
ratePercentfromtotaxableAmounttax
10011,92511,9251,192.5
1211,92548,47532,3253,879
Form 1040 walkthroughtable
lineamount
Total income60,000
Adjustments to income-0
Adjusted gross income60,000
Standard deduction-15,750
Taxable income44,250
Tax on ordinary income5,071.5
Tax on long-term capital gains0
Non-refundable credits-0
Self-employment tax0
Total tax5,071.5
Payments and refundable credits7,000
Refund (positive) or owed (negative)1,928.5

Results are general information, not financial, tax, legal, medical or engineering advice.