Taxes are unavoidable and without planning, the annual tax liability can be very
uncertain. Use the following calculator to help determine your estimated tax liability
along with your average and marginal tax rates.
Contributions to a qualified plan, participation in a company-sponsored cafeteria
plan, change in filing status, or number of allowances claimed will have a direct
impact on take-home pay. For example, due to federal tax savings, contributions to
a qualified plan do not translate into a direct dollar-for-dollar tradeoff on take-home
pay. Use this calculator to help compare your current situation to what-if scenarios.
Each April many taxpayers are surprised as they realize that they have either over
withheld or under withheld on their taxes. Use this calculator each year to help
determine whether you are likely to be on target based on your current withholding
status. Make adjustments to your employer W-4 form, if necessary, to more closely
match your liability. In the event of a surplus, you may be able to increase your
take home pay.
The information provided here is to assist you in planning for your future. Any analysis
is a result of the information you have provided. Material discussed is meant for
general illustration and/or informational purposes only and it is not to be construed
as tax, legal, or investment advice. Although the information has been gathered from
sources believed to be reliable, please note that individual situations can vary
therefore, the information should be relied upon when coordinated with individual
Any rate of return entered into the interactive calculator to project future values
should be a reasonable average return for the period. Rates of return will vary over
time, and generally the higher the rate of return the higher the degree of risk.