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.

 
   
   
Diamond Financial Solutions
Cameron Park, CA
Phone: California (530) 672-9028 • Fax: California (888) 869-7609
www.diamondfinancialsolutions.com • kwright@aicinvest.com

Investment Advisor Representative.  Securities and investment advisory services offered through Ameritas Investment Corp. (AIC), member FINRA/SIPC.  Representatives of AIC do not provide tax or legal advice.  AIC and the Diamond Financial Solutions group of companies are not affiliated. Tax advice offered through Diamond Financial Solutions is provided by Wright & Associates, CPA. Please consult your legal advisor for all legal advice.

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 California, Oregon and Washington.

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