Estimate your tax refund or amount owing. Enter your income, the tax your employer withheld, and your deductions to see whether you'll get money back. Updated for 2026-27 tax brackets.
Your employer withheld $20,000 but you only owe $16,920 in tax. The difference of $3,080 is your estimated refund.
| Component | Amount |
|---|---|
| Gross income | $85,000 |
| Less: deductions | −$2,500 |
| Taxable income | $82,500 |
| Income tax | $15,270 |
| Medicare levy | $1,650 |
| Total tax owed | $16,920 |
| Tax withheld | $20,000 |
| Estimated refund | $3,080 |
Add work-related expenses, home office costs, or donations to see how they increase your refund. Each dollar of deductions reduces your taxable income — and the tax saving depends on your marginal rate.
Toggle HELP on to see how compulsory repayments affect your refund. Many people are surprised by the size of the HELP repayment, especially after a pay rise pushes them into a higher repayment band.
If your employer withheld too much or too little, this is the main driver of whether you get a refund or owe money. Compare the withheld amount on your payment summary against what the calculator shows as total tax owed.
If you're expecting a refund, consider how to make it work for you — whether that's a deposit on a car, paying down debt, or getting ahead on loan repayments.
Your estimated refund of $3,080 could be a deposit on a car loan or a lump payment on existing debt. See what a new loan would cost with that as a head start.
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Results are estimates only and should not be relied upon for financial decisions. Actual tax repayments will depend on the lender, your credit profile, and the specific terms offered. Interest rates used are for illustration purposes only and may not reflect current market rates.
Subject to lender approval, terms and conditions apply.
This calculator is general information only and is not financial advice.