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.

 
   
   
New Financial Concepts | Serving the Greater Cincinnati and Northern Kentucky Area's Financial Needs
Northern Kentucky Offices
549 Centre View Blvd.		 • Crestview Hills, KY • 41017
Phone: (859) 331-0316
Toll Free: 1-855-252-1480		 • Fax: (859) 331-0581
Maps & Directions

Cincinnati Office
300 E Business Way, Suite 200
Cincinnati, OH 45241
Phone: (513) 247-6109
Fax: (513) 247-6199
Maps & Directions

Email Us:
• info@nfc123.com

Advisory Services are provided through Creative Financial Designs, Inc., A Registered Investment Adviser, and Securities are offered through cfd Investments, Inc., a Registered Broker/Dealer, Member FINRA & SIPC. New Financial Concepts is independently owned and is not affiliated with
cfd Investments, Inc. or Creative Financial Designs, Inc.