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 2012 tax year, the standard deductions are as follows: single, $5,950; heads of households $8,700; married filing separately, $5,950; married filing jointly, $11,900.

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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.

 
   
   
Jerry W. Wilk, P.F.P. Financial, Investment & Retirement Planning in Irvine, CA
17848 Skypark Circle • Irvine, CA • 92614-6401
Phone: (949) 250-9990
(800) 316-3138		 • Fax: (949) 250-9992
• jerry.wilk@natplan.com

All information herein has been prepared solely for informational purposes, and it is not an offer to buy or sell, or a solicitation of an offer to buy or sell any security or instrument or to participate in any particular trading strategy.

Jerry W. Wilk is a Registered Representative. Securities and advisory services offered through NATIONAL PLANNING CORP.  (NPC), NPC of America in FL & NY, member FINRA/SIPC, a Registered Investment Adviser. Registered Representatives of NPC may transact securities business in a particular state only if first registered, excluded or exempted from Broker-Dealer, agent or Investment Adviser Representative requirements. In addition, follow-up conversations or meetings with individuals in a particular state that involve either the affecting or attempting to affect transactions in securities, or the rendering of personalized investment advice for compensation, will not be made absent compliance with state, Broker-Dealer, agent or Investment Adviser Representative registration requirements, or an applicable exemption or exclusion.

 


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