Tag: Alexandria

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function parseNumber(str) { return parseFloat(str.replace(/,/g, '')) || 0; } function calculateRefund() { const filingStatus = document.getElementById("filingStatus").value; const income = parseNumber(document.getElementById("income").value); const withheld = parseNumber(document.getElementById("withheld").value); const children = parseInt(document.getElementById("children").value) || 0; if (isNaN(income) || isNaN(withheld)) { document.getElementById("result").innerText = "Please enter valid numbers for income and withholding."; return; } let stdDeduction = 13850; if (filingStatus === "married") stdDeduction = 27700; if (filingStatus === "head") stdDeduction = 20800; let taxableIncome = Math.max(0, income - stdDeduction); let estTax = 0; if (taxableIncome <= 11000) { estTax = taxableIncome * 0.10; } else if (taxableIncome <= 44725) { estTax = 1100 + (taxableIncome - 11000) * 0.12; } else { estTax = 5147 + (taxableIncome - 44725) * 0.22; } let ctc = Math.min(children * 2000, estTax); let eitc = 0; if (income < 45000 && children > 0) eitc = 1000; let totalTax = estTax - ctc - eitc; let refund = withheld - totalTax; let output = ""; if (refund > 0) { output = `Estimated Refund: $${refund.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2})}`; } else if (refund < 0) { output = `You may owe: $${Math.abs(refund).toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2})}`; } else { output = "It looks like your taxes break even: no refund or amount owed."; } document.getElementById("result").innerText = output; }