2014 Federal Income Tax Refund Calculator
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Reviewed by Calculator Editorial Team
Use this calculator to determine your 2014 federal income tax refund based on your taxable income and filing status. The calculator follows the official 2014 tax brackets and rates to provide an accurate estimate of your refund.
How to Use This Calculator
To calculate your 2014 federal income tax refund:
- Enter your total taxable income for 2014 in the "Taxable Income" field.
- Select your filing status from the dropdown menu (Single, Married Filing Jointly, Married Filing Separately, or Head of Household).
- Click the "Calculate" button to see your estimated refund.
The calculator will display your estimated refund amount based on the 2014 federal income tax brackets and rates. Keep in mind that this is an estimate and your actual refund may vary based on additional factors not accounted for in this calculator.
Formula Used
The calculator uses the following formula to determine your federal income tax refund:
Tax Calculation Formula
Federal Income Tax = Sum of (Taxable Income × Tax Rate for each Bracket)
Refund = Withheld Tax - Federal Income Tax
If Refund is negative, it means you owe additional tax.
The 2014 federal income tax brackets and rates are as follows:
| Filing Status | Tax Bracket | Tax Rate |
|---|---|---|
| Single | $0 - $8,925 | 10% |
| $8,926 - $36,250 | 15% | |
| $36,251 - $87,850 | 25% | |
| $87,851 - $183,250 | 28% | |
| $183,251+ | 33% |
Worked Example
Let's calculate the refund for a single filer with $45,000 in taxable income and $5,000 in withheld tax.
- First bracket: $8,925 × 10% = $892.50
- Second bracket: ($45,000 - $8,925) × 15% = $36,075 × 15% = $5,411.25
- Total tax owed: $892.50 + $5,411.25 = $6,303.75
- Refund: $5,000 - $6,303.75 = -$1,303.75 (You owe $1,303.75 additional tax)
Note
This example shows a negative refund, meaning you would owe additional tax. A positive refund indicates you receive money back from the IRS.
Frequently Asked Questions
Is this calculator official?
This calculator provides an estimate based on the 2014 federal income tax brackets and rates. For official tax information, consult the IRS website or a tax professional.
What if I have deductions or credits?
This calculator does not account for deductions or credits. Your actual refund may be different. Consult a tax professional for personalized advice.
How accurate is this calculator?
This calculator provides an estimate based on the information you provide. For precise calculations, use official IRS forms and consult a tax professional.