For general informational purposes only — not tax, legal, or financial advice. Consult a qualified professional before acting on these estimates. NRM Business Advisory, LLC assumes no liability for outcomes.
NRM Business Advisory, LLC

Federal · Individual · Form 1040 style

Refund Ledger

Work through your return line by line. The receipt on the right updates as you type.

Estimator only — not a filing
Federal income tax only, no state
Figures reflect IRS Rev. Proc. 2024‑40 / 2025‑32
A

Filing basics

Tax year, filing status, and who counts as a dependent.

B

Your W‑2 income

Add one card per job. Had more than one employer this year? Add another — the totals below add themselves up.

W‑2 #1
$
$
$
$
$

Copy each number straight off the form — Box 1 is wages, Box 2 is federal tax already withheld, Boxes 4 and 6 are Social Security and Medicare tax withheld, Box 17 is state tax withheld. Boxes 4 & 6 only move your result if you had multiple jobs or a high income; leave them at $0 otherwise. Box 17 only matters if you picked a state above.

C

Other income

Anything that didn't come with a W‑2.

$
$
$
$
$
$
$

Capital losses, rental income, and K‑1 income aren't modeled here — for those, a full preparer or software will be more accurate.

D

Adjustments & deductions

What shrinks your income before tax rates apply.

$
Your standard deduction: —
Itemized deduction detail
$
$
$
$
$
E

Other payments

Tax already sent to the IRS — and your state, if you picked one — that didn't come from a W‑2.

$
$
$
$

Federal and state withholding (and Social Security/Medicare) from your W‑2s is pulled in automatically from the cards above — no need to re‑enter it here.

F

Other credits

Child Tax Credit and Earned Income Credit are calculated for you automatically below.

$

Federal · estimated result

Your estimated refund

$0

Fill in the form to see your number update live.

Total income$0
Adjusted gross income$0
Deduction$0
Taxable income$0
Income tax$0
Self‑employment tax$0
Additional Medicare tax$0
Nonrefundable credits used$0
Total tax$0
Withholding & est. payments$0
Total payments & credits$0
Estimate — not filed

What this assumes

  • Capital gains/qualified dividends are taxed at preferential rates stacked on top of ordinary income.
  • Earned Income Credit and Additional Medicare Tax use simplified, linear approximations of the IRS tables.
  • Child Tax Credit phases out $50 per $1,000 of AGI over $200,000 ($400,000 married filing jointly).
  • State tax uses each state's own brackets and standard deduction applied to your federal AGI — it doesn't model state-specific credits, exemptions, or add‑backs, and Head of Household/Married Filing Separately reuse the state's single-filer brackets as an approximation.
  • Not tax advice — verify with a preparer, IRS Free File, or your state's revenue department before you rely on this number.