Estimate whether you will get a refund or owe money, using your W-2 Box 1 wages and Box 2 federal withholding.
Enter Your Details
Your Estimated Result
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Estimated Tax Liability—
Federal Tax Withheld—
Formula
Refund or Amount Owed = Box 2 Withholding minus the calculated tax liability on Box 1 Wages.
Example
A single filer with $68,000 in wages and $7,200 withheld has an estimated liability near $5,910, for a refund of roughly $1,290 before credits.
Not tax or financial advice. This calculator provides general estimates based on published 2026 figures. Always confirm important figures with the IRS, SSA, your state tax agency, a licensed lender, or a qualified professional.
Frequently Asked Questions
Why might my actual refund differ?
This tool does not account for tax credits, itemized deductions, or other income, all of which can change your actual result.
Where do I find Box 1 and Box 2?
Near the top of your W-2, typically issued by your employer by January 31 each year.