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.

 
   
   
United Wealth Management Group, Financial Services

140 Main Street, Suite 400
Northampton, MA 01060
Tel: 413-585-5100
Fax: 413-585-5153

1830 Northampton Street
Holyoke, MA 01040
Tel: 413-787-1257
Fax: 413-533-1687

94 Shaker Road
East Longmeadow, MA 01028
Tel: 413-788-3358
Fax: 413-525-7160
528 Center Street
Ludlow, MA 01056
Tel: 413-726-2422

Fax: 413-583-2641