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.

 
   
   
Cornerstonewealth
Louis W. Leskosky
345 Kinderkamack Road, Suite B
Westwood, NJ 07675
Phone: 201-383-0630
Fax: 201-383-0633
louis.leskosky@investfinancial.com

John A. Naphor
201 Route 10 East
Succasunna, NJ 07876
Phone: 973-927-7141
Fax: 973-927-7988
• john.naphor@investfinancial.com

 

INVEST Financial Corporation (INVEST), member FINRA/SIPC, a registered Broker Dealer is not affiliated with CORNERSTONE WEALTH MANAGEMENT, LLC. Securities and certain insurance products are offered through INVEST and affiliated insurance agencies.   INVEST does not provide tax or legal advice.

INVEST FINANCIAL CORPORATION'S PRIVACY POLICY

 

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