US 1040 Tax Return Estimate
Add up your year's income, pick your state and filing status, and PayGlance estimates your federal and state income tax, then compares it with the tax already withheld to show a refund or balance owing.
How to use it
- Pick your state and filing status. Choose your state and single or married filing jointly.
- Enter income and tax withheld. Your wages (W-2 box 1) and the federal and state income tax already withheld (W-2 boxes 2 and 17).
- See your position. PayGlance shows federal + state income tax, Social Security and Medicare, and whether you're due a refund or owe a balance.
FAQs
Which taxes does this cover?
Federal income tax, state income tax and the FICA payroll taxes (Social Security and Medicare) on employment income, using the standard deduction. It uses the standard deduction and does not include itemised deductions, credits, or non-wage income, so treat it as a planning estimate.
Does it handle every state?
Yes — all 50 states and DC, including the nine with no income tax. State income tax is a withholding-based estimate that reconciles on your state return, much like federal.
Is this an official return?
No — it's an estimate to help you plan before filing your Form 1040 (and state return) with the IRS and your state tax authority. Confirm against the IRS and your state.