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.

 
   
   
Walsh & Nicholson Financial Group
119 W. Wayne Avenue • Wayne, PA • 19087
Phone: 610-688-4447 • Fax: 610-688-4480
• ewalsh@wnfg.com

 

Securities (and investment advisory services) are offered solely through Ameritas Investment Corp. (AIC). Member FINRA/SIPC. AIC and Walsh & Nicholson Financial Group are not affiliated. Additional products and services may be available through Walsh & Nicholson Financial Group that are not offered through AIC.

 

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This is not an offer of securities in any jurisdiction, nor is it specifically directed to a resident of any jurisdiction.  As with any security, request a prospectus from your registered representative.  Read it carefully before you invest or send money.  Securities products are limited to residents of CA, CO, DC, DE, FL, MA, MD, MI, MS, NC, NJ, NY, OH, PA, SC, TN, VA, VT. Other fixed products available nationally.

A representative of Walsh and Nicholson Financial Group will contact you to provide requested information.