Calculate Tax Return 2018 Usa
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Reviewed by Calculator Editorial Team
Use this calculator to determine your 2018 US federal tax return. The calculator handles standard deductions, tax brackets, and common deductions. For complex situations, consult a tax professional.
How to Use This Calculator
Enter your total income, deductions, and credits in the calculator panel. The calculator will compute your taxable income, federal income tax, and estimated refund or payment due.
For accurate results, ensure you have all necessary documentation from your employer and financial institutions. The calculator uses the 2018 tax year rates and brackets.
Formula Used
Taxable Income = Total Income - Deductions - Standard Deduction
Federal Income Tax = Sum of (Taxable Income × Tax Rate) for each applicable bracket
Net Tax = Federal Income Tax - Credits
Refund/Payment = Net Tax - Withheld Tax
The calculator uses the 2018 federal tax brackets and rates. For married filing jointly, single, or head of household status, select the appropriate filing status.
Worked Example
Suppose you earned $75,000 in 2018, claimed the standard deduction of $12,000, and had no other deductions. Your withheld tax was $10,000.
- Taxable Income = $75,000 - $12,000 = $63,000
- Federal Income Tax:
- $9,700 × 10% = $970
- $29,775 × 12% = $3,573
- $33,525 × 22% = $7,376
- Total = $970 + $3,573 + $7,376 = $11,919
- Net Tax = $11,919 - $0 (no credits) = $11,919
- Refund/Payment = $11,919 - $10,000 = $1,919 refund
You would receive a $1,919 refund from the IRS.
Frequently Asked Questions
What tax year does this calculator use?
This calculator uses the 2018 tax year rates and brackets. The IRS released final regulations for the 2018 tax year in 2019.
Does this calculator include state taxes?
No, this calculator computes federal taxes only. State tax calculations vary by location and require additional information.
What if I have itemized deductions?
This calculator uses the standard deduction. For itemized deductions, consult a tax professional or use a more detailed tax preparation software.
How accurate are the results?
The calculator provides estimates based on the information you provide. For exact figures, consult a tax professional or use official IRS forms.