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.

 
   
   
3 Financial Group
1888 Kalakaua Ave., Suite 312 • Honolulu, HI • 96815
Phone: 808-791-2925 • Fax: 808-695-2948
• amberger@3FinancialGroup.com

Joanna Amberger is an investment advisor representative offering securities and investment advisory services through Transamerica Financial Advisors, Inc. (TFA), Member  FINRA, SIPC and Registered Investment Advisor. 1888 Kalakaua Ave, Suite C312, Honolulu, Hawai`i, 96815.  TFA makes no representation regarding the accuracy or completness of any information in these materials, or the effectiveness of any advice or recommendation made to achieve any specific tax or other financial planning goal.  TFA and its representatives do not give tax and/or legal advice.  Please consult with your own independent tax and/or legal advisor regarding the applicability of the concepts presented on this website to your particular situation before acting on any information or advice given in them.  Joanna Amberger is licensed to sell securities in Hawai`i, Illinois, Ohio, Texas and Virginia. This website should not be considered a solicitation in any other state.

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