Compare calculators
Both calculators run independently β change the inputs on either side to compare results.
Taxes
Tax Refund Calculator
Estimates your federal tax refund (or balance due) by subtracting your total tax liability from the federal income tax that has already been withheld from your paychecks during the year. A positive result is a refund; a negative result is the amount you owe the IRS by April 15.
Fill in the required fields to see your result.
Taxes
Quarterly Estimated Tax Calculator
Estimates your quarterly federal estimated-tax payment by applying your expected effective tax rate to expected annual income and dividing into four equal installments. Designed for the self-employed, contractors, retirees, and anyone with significant non-wage income that does not have tax withheld at source.
Fill in the required fields to see your result.
Key differences
| Tax Refund Calculator | Quarterly Estimated Tax Calculator | |
|---|---|---|
| Category | Taxes | Taxes |
| Inputs required | 2 | 2 |
| Result | Refund Amount ($) | Quarterly Payment ($) |
| What it does | Estimates your federal tax refund (or balance due) by subtracting your total tax liability from the federal income tax that has already been withheld from your paychecks during the year. A positive result is a refund; a negative result is the amount you owe the IRS by April 15. | Estimates your quarterly federal estimated-tax payment by applying your expected effective tax rate to expected annual income and dividing into four equal installments. Designed for the self-employed, contractors, retirees, and anyone with significant non-wage income that does not have tax withheld at source. |