The 2014 tax calculator is here! Do you want to get an estimate of how much your tax refund will be before you file? We just updated the 2014 tax calculator with the current tax brackets , credits, deductions, and everything else you’ll need to estimate your tax refund  before the tax deadline .
How to Use the 2014 Tax Calculator
The 2014 tax calculator works based on the following inputs:
- Enter your filing status  including your personal exemptions  and any dependents you will claim  on your tax return. Then enter your income, deductions and credits.
- Enter your projected withholdings from your W4  (or your total withholding on your W2  once you get it) for the year to estimate your tax refund for April 2015.
- Select calculate to use the 2014 calculator to estimate your 2014 taxes.
- Select view report to see the entire tax calculator report.
2014 Tax Calculator
Enter your filing status, income, deductions and credits and we will estimate your total taxes for 2014. Based on your projected withholdings for the year, we can also estimate your tax refund or amount you may owe the IRS next April 2015.
Tax Calculator Inputs
Please note that this calculator uses 2014 tax tables . All of the tax parameters and definitions used to build the free tax calculator are based on the current tax laws. If you are looking for the tax calculator for last year, please see the 2013 Tax Calculator .
As a reminder for the 2014 tax calculator, the outputs will be based on your tax calculator inputs.
Health Insurance Premium Tax Credit and Penalty
As we mentioned earlier this week, the tax calculator doesn’t include the new Health Insurance Premium Tax Credit  or penalty for no health insurance  yet. We’ll update the calculator as soon as the IRS finalizes those forms.