How does the tax estimator work?
Estimate your federal and state taxes any time of year using your income and deductions.
The tax estimator calculates your estimated federal and state tax liability based on information you provide. You can run it any time of year, not just at tax time.
The five steps
- Filing Status — Choose single, married filing jointly, married filing separately, or head of household. Select your state for a state tax estimate.
- Income — Add each income source: W-2 wages, 1099-NEC (freelance), 1099-INT (interest), dividends, capital gains, Social Security, and more.
- Deductions — Enter itemized deductions (mortgage interest, property tax, charitable donations, student loan interest) or use the standard deduction — whichever is higher.
- Review — Confirm all inputs before calculating.
- Results — See your total federal tax, state tax, effective rate, marginal rate, and estimated amount owed or refund.
Importing data automatically
- Upload tax documents (W-2, 1099 forms) — the AI reads and extracts the numbers for you.
- Import from Plaid — pull income and deductible expenses detected in your transactions.
Tax credits included
- Child Tax Credit
- Earned Income Tax Credit (EITC)
- Child and Dependent Care Credit
- Education Credits (American Opportunity, Lifetime Learning)
- Saver's Credit
- Clean Energy Credit
Important note
The tax estimator provides an estimate, not a filed return. Use it for planning and awareness throughout the year. For your actual return, work with a tax professional or use certified tax software.