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.

$

Enter the total contributions made to all employer-sponsored plans this year (e.g., 401(k) plans, traditional IRA’s, etc).

$

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.

$

Enter the number of dependents/personal exemptions that you will be claiming. Generally, this will be you, your spouse, and your children.

 
   
   
Michael Moffitt - Cornerstone Financial Group
604 W. Adams St. (Branch Office) • Creston , IA • 50801

641-782-5577

Map and Directions




2910 Westown Parkway,
Suite 300
West Des Moines, IA 50266

515-251-4515,




Or 800-827-5577 throughout Iowa

Map and Directions
• Fax: 641-782-4104
• mikem@cfgiowa.com

Information contained herein is based on sources believed reliable, but is not guaranteed and is not to be construed as an offer or the solicitation of an offer to buy or sell products mentioned herein.


NPC Privacy Policy