Tax Refund Calculator
Find out if you’re going to get a tax refund this year or end up owing the government money using the tax refund calculator. Our refund calculator gives you accurate cash-back amounts based on your inputs. Just add how much money you earned in 2024, how much tax you paid, and how many tax-deductible contributions you made throughout the year. You can use this tax refund calculator in 2025—just add your earnings for 2024 and find out your estimated refund.
Tax Refund Calculator 2024
How to Use the Tax Refund Calculator
- Select Your Country: We added tax rates for Canada and the United States. Start by choosing your country (United States or Canada) from the dropdown menu.
- Choose Your State/Province: Based on your country selection, pick your state (if in the United States) or province/territory (if in Canada). Our calculator will automatically apply the correct tax rates for your location.
- Enter Your Income: Add your total earnings for the year (e.g., 2024) in the income field.
- Enter Taxes Paid: Enter the total taxes you paid during the year. This should include federal and state/provincial taxes.
- Include Contributions: Add any deductible contributions made during the year, such as CPP/EI (Canada) or Social Security (United States). These will adjust your total tax liability.
- Calculate: Click the “Calculate Tax Refund” button to see if you’ll receive a tax refund or owe taxes. The results include a detailed breakdown of your federal and state/provincial tax liabilities, total contributions, and the net refund or owed amount.
Tax Rates by State and Province/Territory
Each state, province, and territory has its own tax rates. While some states, like Alaska, have no state taxes, others, like California, have the highest state taxes in America at 13.3 percent for 2024. That’s insane if you ask me, but in California, the economy is doing better, and many people can afford the tax rates there. If you’re asking yourself, “How much taxes am I paying this year?” then this page is for you. Below are federal tax bracket amounts for Canada and the United States, as well as tax rates for each state and province.
United States – Federal Tax Brackets (2024)
- 10%: Up to $11,000
- 12%: $11,001 to $44,725
- 22%: $44,726 to $95,375
- 24%: $95,376 to $182,100
- 32%: $182,101 to $231,250
- 35%: $231,251 to $578,125
- 37%: Over $578,125
State Tax Rates
- Alabama: 5%
- Alaska: 0%
- Arizona: 4.5%
- Arkansas: 5.9%
- California: 13.3%
- Colorado: 4.55%
- Connecticut: 6.99%
- Delaware: 6.6%
- Florida: 0%
- Georgia: 5.75%
- Hawaii: 11%
- Idaho: 6.925%
- Illinois: 4.95%
- Indiana: 3.23%
- Iowa: 6.5%
- Kansas: 5.7%
- Kentucky: 5%
- Louisiana: 6%
- Maine: 7.15%
- Maryland: 5.75%
- Massachusetts: 5%
- Michigan: 4.25%
- Minnesota: 9.85%
- Mississippi: 5%
- Missouri: 5.4%
- Montana: 6.9%
- Nebraska: 6.84%
- Nevada: 0%
- New Hampshire: 5%
- New Jersey: 10.75%
- New Mexico: 5.9%
- New York: 10.9%
- North Carolina: 4.99%
- North Dakota: 2.9%
- Ohio: 3.99%
- Oklahoma: 5%
- Oregon: 9.9%
- Pennsylvania: 3.07%
- Rhode Island: 5.99%
- South Carolina: 7%
- South Dakota: 0%
- Tennessee: 0%
- Texas: 0%
- Utah: 4.85%
- Vermont: 8.75%
- Virginia: 5.75%
- Washington: 0%
- West Virginia: 6.5%
- Wisconsin: 7.65%
- Wyoming: 0%
Canada – Federal Tax Brackets (2024)
- 15%: Up to $53,359
- 20.5%: $53,360 to $106,717
- 26%: $106,718 to $165,430
- 29%: $165,431 to $235,675
- 33%: Over $235,675
Provincial/Territorial Tax Rates
- Alberta: 10%
- British Columbia: 12%
- Manitoba: 12.75%
- New Brunswick: 14.3%
- Newfoundland and Labrador: 15%
- Nova Scotia: 15%
- Ontario: 11.5%
- Prince Edward Island: 15%
- Quebec: 15%
- Saskatchewan: 11.5%
- Northwest Territories: 11.5%
- Nunavut: 11.5%
- Yukon: 12%
Why Use the Tax Refund Calculator
Did you know you pay taxes even while sitting on the toilet? That’s a fact. Taxes are embedded in almost everything we do or buy. We pay taxes on income, purchases, property, and more. Even after being taxed on nearly everything, we often find ourselves hit with unexpected taxes on things we didn’t even know were taxable. That’s why getting a refund in the spring when you file your taxes feels so satisfying. It’s one of the rare times we see money coming back to us from the government. A tax refund usually happens if you’ve overpaid your taxes during the previous calendar year, and it’s a nice surprise to get that check or deposit when you need it most.
With our calculator, you can easily estimate whether you’re likely to get a refund from your government. Simply enter your income, taxes paid, and contributions into the input fields, and the calculator will give you an idea of what you might expect. It’s a quick and convenient way to prepare for tax season after a hard years work, especially if you earned lots of overtime, giving you the peace of mind to plan your finances. We hope everyone can experience the relief of getting a refund instead of facing a tax bill, because let’s face it—owing money is never fun.
However, it’s worth mentioning that even a tax refund isn’t entirely free from taxes. Some of the refund might actually go toward taxable expenses. For example, you might use your refund to buy groceries, where you’ll likely pay sales tax on most items, depending on your location. It’s a repeating cycle, but understanding how it works will help you start get an idea of what you’re spending in your daily life. It’s important to know how much of your money goes towards the government to get some more respect for money. With today’s inflation rates always being high, it’s important to learn about taxes while you’re young.