The 2015 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 2015 tax calculator with the current tax brackets [1], credits, deductions, and everything else you’ll need to estimate your tax refund [2] before the tax deadline [3].
How to Use the 2015 Tax Calculator
The 2015 tax calculator works based on the following inputs:
- Enter your filing status [4] including your personal exemptions [5] and any dependents you will claim [6] on your tax return. Then enter your income, deductions and credits.
- Enter your projected withholdings from your W4 [7] (or your total withholding on your W2 [8] once you get it) for the year to estimate your tax refund for April 2016.
- Select calculate to use the 2015 calculator to estimate your 2015 taxes.
- Select view report to see the entire tax calculator report.
2015 Tax Calculator
Enter your filing status, income, deductions and credits and we will estimate your total taxes for 2015. Based on your projected withholdings for the year, we can also estimate your tax refund or amount you may owe the IRS next April 2016.
Tax Calculator Inputs
Please note that this calculator uses 2015 tax tables [9]. 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 2014 Tax Calculator [10].
As a reminder for the 2015 tax calculator, the outputs will be based on your tax calculator inputs.
Health Insurance Premium Tax Credit and Penalty
The tax calculator doesn’t include the Health Insurance Premium Tax Credit [11]. However, you can add the penalty for no health insurance [12]. We’ll update the calculator when the health insurance tax credit is updated.
AMT Tax Calculator
The tax calculator also includes the AMT exemption [13] amounts; there is not a separate AMT tax calculator. The calculator also includes 2015 tax scenarios for capital gains tax rates [14].