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.

 
   
   
Welshire Capital, LLC| Onalaska, Wisconsin | Brent Welch| Financial Planning | Retirement Planning | 401k | Welath Management
9538 East 16 Frontage Road • Onalaska, WI • 54650
Phone: (608) 783-0003

Toll Free: (800) 829-7526

 • Fax: (608) 782-0002
• Brent@welshirecapital.com Jennifer@welshirecapital.com Josh@welshirecapital.com Karen@welshirecapital.com Kevin@welshirecapital.com Kristy@welshirecapital.com Lacie@welshirecapital.com Lynette@welshirecapital.com
Securities offered through Comprehensive Asset Management and Servicing, Inc (CAMAS), 1-800-637-3211, member FINRA/SIPC/MSRB, Brent Welch Registered Representative · Advisory services offered through Welshire Capital, LLC, an SEC Registered Investment Advisory Firm · Brent Welch, CFP™, ChFC, Managing Member and Investment Advisor Representative. Welshire Capital, LLC and CAMAS are separate and unrelated companies.
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www.Welshirecapital.com