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Federal Tax Refund Estimator 2024

Estimate your federal refund or balance due based on income, filing status, deductions, and credits. Updates instantly as you type.

Filing Information

Filing Status

Age 65 or older

Income

W-2 WagesFrom W-2 Box 1Self-Employment Net IncomeRevenue minus business expensesLong-Term Capital Gains & Qualified DividendsHeld more than 1 yearOther IncomeInterest, short-term gains, 1099-MISC, etc.

Adjustments (Above-the-Line)

Traditional IRA ContributionMax $7,000 ($8,000 if 65+)HSA ContributionHealth Savings Account ($4,150 self / $8,300 family)Student Loan Interest PaidMax deduction $2,500; phases out by income

Deductions

Standard Deduction ($14,600)Itemize Deductions

Dependents & Credits

Qualifying Children Under 17Child Tax Credit — $2,000 eachOther DependentsAge 17+ dependents — $500 credit each

Tax Payments Made

Federal Tax WithheldW-2 Box 2

$0estimated

Estimated Tax Payments MadeQuarterly payments (Form 1040-ES)

Enter your income on the left to see your estimated refund or balance due.

Get an Accurate Return