🧾 2025 Tax Refund Calculator

Estimate your federal tax refund or amount owed for tax year 2025

Updated for 2025 Tax Rules
Disclaimer: This calculator provides estimates based on 2025 federal tax rules. State taxes are not included. Your actual tax liability may differ. Consult a tax professional for personalized advice.
👤 Filing Status & Income
Wages and salaries (not including tips)
Total withheld from paychecks
Interest, dividends, freelance, etc.
1099/freelance income (before expenses)
🆕 New 2025 Deductions (No Tax on Tips, OT & Auto Interest)
New for 2025! Under the One Big Beautiful Bill Act, you may be able to deduct tip income, overtime premium pay, and auto loan interest from your taxable income.
Total tips received in 2025 (max $25,000 deduction)
The premium portion only (0.5× of OT pay)
Interest on auto loans for US-made vehicles (max $10,000)
Income limits apply:
Single: $150,000 | Joint: $300,000
📝 Deductions
2025 Standard Deduction: $15,000 (Single)

🔧 Adjustments to Income (Above-the-Line)

2025 limit: $23,500 (under 50) / $31,000 (50-59, 64+) / $34,750 (60-63)
2025 limit: $7,000 (under 50) / $8,000 (50+)
2025: $4,300 (self) / $8,550 (family)
Max $2,500 deduction
Max $300 for teachers
Half of SE tax is deductible

💰 Tax Credits (Reduces Tax Owed)

For Child & Dependent Care Credit
First 4 years of college, max $2,500/student
401k/IRA contributions for low-mod income
Taxes paid to foreign governments

📋 Additional Information

Quarterly estimated tax payments
Any other federal tax credits
📊 Your Tax Summary
Estimated Refund
$0
Based on 2025 tax rules
Gross Income $0
Adjustments to Income -$0
Adjusted Gross Income (AGI) $0
Deduction (Standard) -$0
Taxable Income $0
Federal Tax (Before Credits) $0
Tax Credits -$0
Final Tax Liability $0
Total Payments & Withholding $0
Effective Tax Rate
0%
Marginal Bracket: 10%
📈 Your Tax by Bracket
📚 2025 Federal Tax Brackets
Rate Single Married Filing Jointly Head of Household
10% $0 - $11,925 $0 - $23,850 $0 - $17,000
12% $11,925 - $48,475 $23,850 - $96,950 $17,000 - $64,850
22% $48,475 - $103,350 $96,950 - $206,700 $64,850 - $103,350
24% $103,350 - $197,300 $206,700 - $394,600 $103,350 - $197,300
32% $197,300 - $250,525 $394,600 - $501,050 $197,300 - $250,500
35% $250,525 - $626,350 $501,050 - $751,600 $250,500 - $626,350
37% Over $626,350 Over $751,600 Over $626,350
🆕 Key Tax Changes for 2025

💵 No Tax on Tips (NEW!)

Service workers can deduct up to $25,000 in tip income. Income limits: $160,000 (Single) / $320,000 (Joint).

⏰ No Tax on Overtime (NEW!)

Deduct overtime premium pay (the 0.5× above regular rate). Max: $12,500 (Single) / $25,000 (Joint).

🚗 Auto Loan Interest (NEW!)

Deduct interest on auto loans for US-made vehicles. Max: $10,000. Income limits apply.

📈 Inflation-Adjusted Brackets

Tax brackets increased by approximately 2.8% to account for inflation, meaning you can earn more before moving into higher brackets.

💵 Higher Standard Deduction

Single: $15,000 (+$400), MFJ: $30,000 (+$800), HOH: $22,500 (+$600). Most taxpayers benefit from the standard deduction.

👶 Child Tax Credit

Remains at $2,000 per qualifying child under 17. Up to $1,700 is refundable as the Additional Child Tax Credit.

🏦 Retirement Contribution Limits

401(k): $23,500 (+$500), IRA: $7,000. New "super catch-up" for ages 60-63: $11,250 (total $34,750).

💊 HSA Contribution Limits

Self-only: $4,300 (+$150), Family: $8,550 (+$250). HSA contributions reduce taxable income.

💼 SALT Deduction Cap

State and Local Tax deduction remains capped at $10,000 ($5,000 if MFS) through 2025.

❓ Frequently Asked Questions

When can I file my 2025 tax return?

You can file your 2025 tax return starting in late January 2026. The IRS typically begins accepting returns around January 27th, with the filing deadline of April 15, 2026.

Should I take the standard deduction or itemize?

Take whichever is higher. In 2025, the standard deduction is $15,000 (single) or $30,000 (married filing jointly). Itemize only if your mortgage interest, state taxes (up to $10K), and charitable donations exceed these amounts.

What's the difference between tax deductions and tax credits?

Deductions reduce your taxable income (saving you money at your marginal rate), while credits reduce your tax bill dollar-for-dollar. A $1,000 credit is worth $1,000; a $1,000 deduction is worth $220-$370 depending on your bracket.

What is the Earned Income Tax Credit (EITC)?

The EITC is a refundable credit for low-to-moderate income workers. For 2025, the maximum credit ranges from $649 (no children) to $8,046 (3+ children) depending on income and family size.

How does the "No Tax on Tips" deduction work?

Under the One Big Beautiful Bill Act (OBBBA), service workers can deduct up to $25,000 in tip income from their taxable income. This applies if your income is below $160,000 (Single) or $320,000 (Joint). The tips must be reported as income—this deduction then removes them from your taxable income.

What is the overtime premium deduction?

You can deduct the "premium" portion of overtime pay—the extra 0.5× above your regular rate. If you earn $25/hour regular and $37.50/hour overtime, the premium is $12.50/hour. Max deduction: $12,500 (Single) or $25,000 (Joint). Income limits apply.

What is the auto loan interest deduction?

For 2025, you can deduct up to $10,000 in interest paid on auto loans for vehicles manufactured in the United States. This is a new above-the-line deduction with income limits of $150,000 (Single) or $300,000 (Joint).

How accurate is this calculator?

This calculator provides a reasonable estimate based on 2025 federal tax rules. It doesn't account for state taxes, AMT, self-employment tax details, or complex situations. For precise calculations, consult a tax professional or use IRS-approved tax software.