Get your RefundRealizer estimate

RefundRealizer

2020 Federal tax refund estimate 

How does RefundRealizer work?

RefundRealizer calculates your expected refund based on 3 big factors - The Earned Income Tax Credit (EITC), the Child Tax Credit (CTC) and your Income Tax Bracket. 

There are lots of other tax credits that may increase your refund such as education credits and child care credits, but there are also other factors that may reduce your refund such as interest you may have earned from certain banking accounts or withholdings. The EITC, CTC, and your tax bracket are often the biggest contributors to your refund, which is why we have left these other pieces out.

RefundRealizer also uses the 'standard deduction' to calculate your expected refund. Depending on your tax situation, you might prefer to itemize your deductions, in which case your estimated refund will probably be pretty different. You can go here to learn more about whether the standard deduction is right for you.

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©2019 Let's Get Set

Let's Get Set offers a software-based financial engine that delivers automated financial planning tools to help users achieve better outcomes. Let's Get Set does not provide financial, legal or tax advice. Users are encouraged to consult with their investment professional before making any investment decision

United States