Tax Refund Calculator — Estimate Your 2024 Federal Refund

Estimate your 2024 federal tax refund or amount owed based on your wages, withholding, other income, deductions, and tax credits.

Filing Status

W-2 Wages (Box 1) ($)

Federal Tax Withheld (W-2 Box 2) ($)

Other Income (freelance, interest, dividends) ($)

Deduction Type

Tax Credits (Child Tax, EIC, Education, etc.) ($)

'Should I invest my tax refund?', 'answer' => 'Financially, it\'s better to adjust your withholding to owe close to $0 and invest the extra monthly cash flow throughout the year. However, many people use refunds as forced savings. If you do receive a refund, consider: paying off high-interest debt, contributing to an IRA (deadline is April 15), building an emergency fund, or investing in a taxable brokerage account.'], ]" />

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Commonly Missed Credits

Earned Income Tax Credit (EITC)

Child Tax Credit ($2,000/child)

Child & Dependent Care Credit

Saver's Credit (retirement)

American Opportunity Credit

Lifetime Learning Credit

Clean Energy Credit (solar/EV)

Premium Tax Credit (ACA)