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.

 
   
   
Greystoke Consulting, Inc.
4625 East Bay Dr. Suite 223 • Clearwater, FL • 33764
Phone: 727-533-9766 or 1-800-322-0966 • Fax: 727-530-1277
• greycons@hotmail.com

Greystoke Consulting, Inc., a Registered Investment Advisor, offers the information and calculators in this website to a broad audience who may visit this website at any time. Individual situations and circumstances vary. Be sure to consult your accountant, attorney and/or financial advisor before implementing anything discovered here. The Firm will register in other jurisdictions when required. In general, a registration is required in a state where the Firm: (i) has a place of business; (ii) holds itself out as an investment advisor; (iii) has more than five (5) clients (the statutory minimum varies from state-to-state); or (iv) has IARs with a place of business in that state. The CCO shall ensure that the Firm is at all times properly registered and its IARs are licensed as required by applicable federal and state rules and regulations.

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