Tax Refund Calculator
Estimate your federal tax refund or amount owed before you file your return.
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Frequently Asked Questions
When will I get my tax refund?
The IRS issues most refunds within 21 days of accepting an e-filed return. Paper returns take 4-8 weeks. Refunds claiming the Earned Income Tax Credit or Additional Child Tax Credit are held until mid-February by law. You can track your refund at IRS.gov using the Where is My Refund tool. Direct deposit is 2-3 days faster than a check.
Is a large tax refund a good thing?
A large refund means you overpaid taxes throughout the year — essentially giving the government an interest-free loan. Ideally you aim to break even (small refund or small amount owed). Adjust your W-4 withholding to keep more money in each paycheck throughout the year, then invest the difference rather than waiting for an annual refund.
What tax credits give the biggest refunds?
High-value refundable tax credits: Earned Income Tax Credit ($632-$7,830 for 2024 depending on income and children), Child Tax Credit ($2,000 per child, up to $1,700 refundable), Child and Dependent Care Credit (up to $1,050 for one child), American Opportunity Tax Credit ($2,500 for college, 40% refundable), and Premium Tax Credit for ACA marketplace insurance.