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 2009 tax year, the standard deductions are as follows: single, $5,700; head of household, $8,350; married filing separately, $5,700; married filing jointly, $11,400.

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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.

 
   
   
Whitlock Financial Services, Inc. an Independent Firm
6 Davis Keats Drive • Greenville, SC • 29607
Phone: (864)-234-6580 • Fax: (864)-234-6588
www.whitlockfinancial.com • Mickey.Whitlock@raymondjames.com Brent.Whitlock@raymondjames.com

Whitlock Financial Services is an independent firm.  Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC.

This site is published for residents of the United States only.  Raymond James' Financial Advisors may only conduct business with residents of the states for which they are properly registered.  Therefore, a response to a request for information may be delayed.  Please note that not all of the investments and services mentioned are available in every state.  Investors outside of the United States are subject to securities and tax regulations within their applicable jurisdictions that are not adressed on this site.  Contact your local Raymond James office for information and availability.

Information and interactive calculators are made available to you as self-help tools for your independent use.  The accuracy of this calculator and its applicability to your circumstances is not guaranteed.  You should obtain personal advice from qualified professionals.  The information provided is not specific investment advice, a guarantee of performance, or a recommendation.  Rates of return will vary over time, particularly for long-term investments.  Investments offering the potential for higher rates of return also involve a higher degree of risk.  Actual results will vary.