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.

$

Enter the total contributions made to all employer-sponsored plans this year (e.g., 401(k) plans, traditional IRA’s, etc).

$

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.

$

Enter the number of dependents/personal exemptions that you will be claiming. Generally, this will be you, your spouse, and your children.

 
   
   
Risk Management Group, Inc.
966 Hungerford Drive
Suite 20A		 • Rockville, MD • 20850-1743
Phone: 301-838-4111 • Fax: 301-838-4211
www.rmgadvisors.com • info@rmgadvisors.com

Securities offered through H. Beck, Inc.
Member FINRA/SIPC
11140 Rockville Pike, Rockville MD 20852
(301) 468-0100

Jamie Lapin is a registered representative of
H. Beck, Inc., which is unaffiliated with
                  Risk Management Group, Inc.