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What is the average tax refund for a single person making $40,000? We estimated a single person making $40,000 per year would receive an average refund of **$1,761 this year**. We used the standard deduction and a basic $40,000 salary for computation purposes.

If you are single and a wage earner with an annual salary of $45,000, your **federal income tax liability will be approximately $4700**. Social security and medicare tax will be approximately $3,400.

Heads of household have the largest refunds of any filing status, getting an average of $4,595 back. Single persons receive the smallest tax refunds, with **an average of $1,556**.

Marginal or Effective Income Tax Rate

For example, if your 2021 income is $40,000 and your filing status is single, your first $9,950 will be taxed at 10%. **Every dollar from $9,951 to $40,525 will be taxed at $995 (10% of $9,950) plus 12% within the bracket**.

If you make $38,000 a year living in the region of California, USA, you will be taxed $7,001. That means that your net pay will be $30,999 per year, or **$2,583 per month**. Your average tax rate is 18.4% and your marginal tax rate is 25.3%.

If you are single and a wage earner with an annual salary of $40,000, your federal income tax liability will be **approximately $4,000**. Social security and medicare tax will be approximately $3,000.

If you make $43,000 a year living in the region of California, USA, you will be taxed $8,327. That means that your net pay will be $34,673 per year, or **$2,889 per month**. Your average tax rate is 19.4% and your marginal tax rate is 27.4%.

Your refund is determined by **comparing your total income tax to the amount that was withheld for federal income tax**. Assuming that the amount withheld for federal income tax was greater than your income tax for the year, you will receive a refund for the difference.

According to the Economic Policy Institute, the average median salary in 2019 was approximately $19.33 per hour. This equates to $40k a year if you worked full-time. So a $40,000 a year salary is **right at average**.

In this case, gross income of $50,000 will be reduced by a standard deduction of $6,350 and a single personal exemption of $4,050. That makes **taxable income equal to $39,600**. That's just barely enough to push the taxpayer into the 25% tax bracket, and the tax will be $5,638.50.

If you make $35,000 a year living in the region of California, USA, you will be taxed $6,243. That means that your net pay will be $28,757 per year, or $2,396 per month. Your average tax rate is **17.8%** and your marginal tax rate is 25.3%.

Depending on what amount of income and which credits you specify on the W-4, the more or less tax will be withheld. **Having less taken out will give you bigger paychecks, but a smaller tax refund** (or potentially no tax refund or a tax bill at the end of the year).

If you make $30,000 a year living in the region of California, USA, you will be taxed $4,985. That means that your net pay will be $25,015 per year, or **$2,085 per month**. Your average tax rate is 16.6% and your marginal tax rate is 25.2%.

We estimated a single person making $40,000 per year would receive an average refund of **$1,761** this year. We used the standard deduction and a basic $40,000 salary for computation purposes. What is the average tax refund for a single person making $50,000?

If you make $48,000 a year living in the region of California, USA, you will be taxed $9,695. That means that your net pay will be $38,305 per year, or **$3,192 per month**. Your average tax rate is 20.2% and your marginal tax rate is 27.4%.

If you make $36,000 a year living in the region of California, USA, you will be taxed $6,496. That means that your net pay will be $29,504 per year, or **$2,459 per month**. Your average tax rate is 18.0% and your marginal tax rate is 25.3%.

The median income for individuals in the United States is $33,706 as of 2018. This means that at $40,000, you're making more money than over half of Americans, which might suggest that **$40,000 is plenty to live comfortably**.

**40k a year is a good salary for a single person**, but you can support a family on that amount as well.

Pew defines “middle class” as a person earning between two-thirds and twice the median American household income, which in 2019 was $68,703, according to the United States Census Bureau. That puts **the base salary to be in the middle class just shy of $46,000**.

The average federal income tax refund as of April 8 is **$3,226**, up from an average of $2,893 at the same point in 2021, according to the Staten Island Live website, which cited IRS data. Over 63 million refunds were distributed by the same date, a slight gain from the previous year.

If you make $20,000 a year living in the region of California, USA, you will be taxed $2,687. That means that your net pay will be $17,313 per year, or **$1,443 per month**. Your average tax rate is 13.4% and your marginal tax rate is 21.7%.

If you make $32,000 a year living in the region of California, USA, you will be taxed $5,488. That means that your net pay will be $26,512 per year, or **$2,209 per month**. Your average tax rate is 17.2% and your marginal tax rate is 25.2%.

If you make $47,000 a year living in the region of California, USA, you will be taxed $9,593. That means that your net pay will be $37,407 per year, or **$3,117 per month**. Your average tax rate is 20.4% and your marginal tax rate is 27.5%.

**If you didn't account for each job across your W-4s, you may not have withheld enough**, so your tax refund could be less than expected in 2021. Not factoring eligibility changes for tax credits and deductions: There may be other impacts on your refund due to the credits you can take.

If you make $44,000 a year living in the region of California, USA, you will be taxed $8,601. That means that your net pay will be $35,399 per year, or $2,950 per month. Your **average tax rate is 19.6% and your marginal tax rate is 27.4%**.