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.

 
   
   
Stafford Wealth Management, LLC
2538 Anthem Village Drive, Suite 135 • Henderson, NV • 89052
Phone: (702) 433-2008 (Toll-Free) (800) 294-2455 • Fax: (702) 433-2009
• bill@staffordwealthmanagement.com

 

William Stafford is an Investment Advisor Representative of, and offers Securities and Investment Advisory Services through Woodbury Financial Services, Inc., PO Box 64284, St. Paul, MN 55164 (800) 800-2638, Member FINRA, SIPC and Registered Investment Advisor. Stafford Wealth Management, LLC and Woodbury Financial Services, Inc. are not affiliated entities.
 
Services are available only in states where we are licensed to do business. Licensed to sell Variable Products and Life Insurance in  AZ, CA, CO, MA, NV, VA, WV, and UT.  Securities licensed in AR, AZ, CA, CO, FL, MA, NV, NY, OK, OR, UT and WA.