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.

 
   
   
Hendrixson and Associates, Inc.
Green Tree Office Plaza
Suite 203A, 40 Lloyd Ave.
Malvern, PA 19355		 • Malvern , PA • 19355-1300
Phone: 610-647-3866or 888-323-5155 • Fax: 610-647-3877
• Michael.Hendrixson@LFG.com Richard.Pinola@LFG.com

Mike Hendrixson* is securities licensed in CA, DE, FL, GA, ME. MA, MD, MO, NC, NJ, NV, OH, OR, PA, TX, UT, and VA.. He is Life Insurance licensed in CA (CA Insurance License #OA08677), CT, DE, FL, GA, KS,MA, MI, MD,MS, NC, NJ, NV, NY, OR, PA, SC, TN, TX, and VA.

Ric Pinola* is securities licensed in CA, CT, DE, DC, FL,  GA, MD, NJ, NY, PA ,  and VA.. He is Life Insurance licensed in CT, DE, NJ, PA, TN

 

*Unless otherwise identified, Associates on this website are registered representatives of Lincoln Financial Advisors Corp. Securities offered through Lincoln Financial Advisors Corp., a broker/dealer (Member SIPC) and registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies and state variations thereof. Firm disclosure information available at www.LFG.com.     Lincoln Financial Network is a marketing name for Lincoln Financial Advisors Corp. and Lincoln Financial Securities Corporation, both members of FINRA and SIPC.  Lincoln Financial Group is the marketing name for Lincoln National Corporation and its affiliates.  CRN:  200910-2035565.