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.

 
   
   
Machtig & Associates
Bloomington, MN Office
5270 West 84th St. Suite #310
Bloomington, MN 55437

Sandestin, FL Office
8969 Heron Walk Drive
Sandestin, FL 32550
Phone: 952-831-8243
Toll Free: 1-800-548-1820
 • Fax: 952-831-5563
www.brettmachtig.com • bmachtig@investorscapital.com
Securities offered through Investors Capital Corporation 800-949-1422 member FINRA/SIPC.
Advisory Services offered through Machtig Advisory Services, LLC., 5270 W. 84th Street, Suite 310, Bloomington, MN 55437, 952-831-8243, an
Independent Registered Investment Advisor, not affiliated with Investors Capital Corporation.

Brett Machtig and/or other advisors at Machtig & Associates are securities licensed in the following states: AL, CA, CO, CT, FL, GA, IA, ID, IL, IN, KS, LA, MA, MD, MI, MN, MO, NJ, NM, NY, OH, OR, PA, RI, SC, TN, TX, UT, VA, VT, WA, WI. Brett Machtig and/or other advisors are insurance licensed in the following states: CA, CO, CT, FL, GA, IA, IL, KS, LA, MA, MI, MN, MO, NJ, NM, NY, OH, OR, RI, SC, TN, TX, UT, VA.