Turbo Tax Estimator For 2024 Tax Year. The calculator is automatically set to 2024 — the current year — which will help you estimate the bill or refund you may receive when you file your taxes in 2025. The income tax calculator estimates the refund or potential owed amount on a federal tax return.
The federal tax calculator is updated for the 2024/25 tax year and is designed for quick online tax calculations by entering your gross (total) income from tax form 1040 and your gross. It is mainly intended for residents of the u.s.