Federal Income Tax  
Paying federal income taxes is one of most people’s least favorite annual activities. As a result, many people tend to procrastinate by not planning for their taxes each year and by completing and filing the forms at the last possible minute. This calculator is designed to help you estimate your annual federal income tax liability.
     

What is your tax filing status?

What is your total pre-tax income? Include W-2 income, interest, dividends, rental income, etc.

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Enter the total contributions made to all employer-sponsored plans this year (e.g., 401(k) plans, traditional IRA’s, etc).

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Enter your deduction(s). If you itemize your deductions, enter that total here. Otherwise, enter the appropriate standard deduction. For the 2011 tax year, the standard deductions are as follows: single, $5,800; head of household, $8,500; married filing separately, $5,800; married filing jointly, $11,600.

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Enter the number of dependents/personal exemptions that you will be claiming. Generally, this will be you, your spouse, and your children.

 
   
   
Safe Retirement Planners, LLC
20462 Chartwell Center Dr. Suite D

PO Box 2008		 • Cornelius, NC • 28031
Phone: 704-837-0000 • Fax: 704-894-9345
• cmangum@saferetirementplannersllc.com

Fred Johnson, Chadwick Mangum and John Matheny are Registered Representatives of and offer securities and insurance products through INVEST Financial Corporation (INVEST), member FINRA/SIPC, and affiliated insurance companies. INVEST is not affiliated with Safe Retirement Planners, LLC. Advisory services offered through INVEST, a Registered Investment Advisor.

This website may contain concepts that have legal, accounting and tax implications. It is not intended to provide legal, accounting, or tax advice. You may wish to consult an attorney, tax advisor, or accountant regarding your specific situation. No representatives are made as to the accuracy of the information contained herein or any information contained in any link provided herein.

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