Federal Income Tax Calculator

	Information from Form W-2
			Total	Excess	No. of Employers
1	Wages, tips, other compensation
2	Federal income tax withheld				2007
3	Social security wages				Max. SS Tax
4	Social security tax withheld				6,045.00
5	Medicare wages and tips
6	Medicare tax withheld


			Total	Excess	No. of Employers
1	Wages, tips, other compensation
2	Federal income tax withheld
3	Social security wages
4	Social security tax withheld
5	Medicare wages and tips
6	Medicare tax withheld


	TOTALs	TOTALs
1	Wages, tips, other compensation
2	Federal income tax withheld
3	Social security wages
4	Social security tax withheld
5	Medicare wages and tips
6	Medicare tax withheld

Information from Form 1099-R, Retirement
						Total Pension / Annunities
	Enter "IRA" or "P/A" (for Pension/Annuity) ®				IRA	P/A
1	Gross distribution
2a	Taxable amount
4	Federal income tax withheld
5	Employee contributions or insurance premiums
6	Net unrealized appreciation in employer's securities
7	Distribution code
8	Other
9a	Your percentage of total distribution
9b	Total employee contributions
10	State tax withheld
11	State/payer's state no.
12	State distribution
13	Local tax withheld
14	Name of locality
15	Local distribution
					Total IRAs	Total Pension / Annunities
	Enter "IRA" or "P/A" for (Pension/Annuity)				IRA	P/A
1	Gross distribution
2a	Taxable amount
4	Federal income tax withheld
5	Employee contributions or insurance premiums
6	Net unrealized appreciation in employer's securities
7	Distribution code
8	Other
9a	Your percentage of total distribution
9b	Total employee contributions
10	State tax withheld
11	State/payer's state no.
12	State distribution
13	Local tax withheld
14	Name of locality
15	Local distribution
	Total Distributions	Total IRAs	Total Pension / Annunities
		IRA	P/A
1	Gross distribution
2a	Taxable amount			Be sure to review the Simplified Method Worksheet - Lines 16a
4	Federal income tax withheld			and 16b (on the "Line 16" tab) to verify the taxable amount is
5	Employee contributions or insurance premiums			correct. Any needed changes may be made using the manual
6	Net unrealized appreciation in employer's securities			override cell for Form 1040, Line 16.
7	Distribution code
8	Other
9a	Your percentage of total distribution
9b	Total employee contributions
10	State tax withheld
11	State/payer's state no.
12	State distribution
13	Local tax withheld
14	Name of locality
15	Local distribution

NOTE: Check every calculation carefully!!!

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Form

1040

Department of the Treasury––Internal Revenue Service

2007

U.S. Individual Income Tax Return

, ending

OMB No. 1545-0074

Label

Your first name and initial

Last name

Your social security number

(See instructions

on page 12)

If joint return, spouse's name & initial

Last name

Spouse's social security number

Use the IRS

label.

Home address (number & street). If you have a PO box, see page 12.

Apt. no.

You must enter your SSN(s) above.

Otherwise,

please print

City, town or post office, state and ZIP code. If you have a foreign address, see page 12.

or type

Checking a box below will not

Presidential

change your tax or refund.

Election Campaign

Check here if you, or your spouse if filing jointly, want $3 to go to this fund (see page 12)

You

Spouse

Filing Status

Single

Head of household (with qualifying person). (See page 13.) If

Married filing joint return (even if only one had income)

the qualifying person is a child but not your dependent, enter

Check only

Married filing separate return. Enter spouse's SSN above

this child’s name here.

one box.

and full name here.

Qualifying widow(er) with dependent child (See page 14.)

IMPORTANT !

Boxes checked on 6a and 6b.

Yourself. If someone can claim you as a dependent, do not check box 6a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Check here if YOU are claimed as a dependent on someone elses return.

No. of children

Exemptions

Spouse . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

on 6c who:

Dependents:

(2) Dependent's

(3) Dependent's

(4)üif qualifying

h lived with you

social security

relationship to

child for child tax

hdid not live with

(1) First name

Last name

number

you

credit (See page 15)

you due to divorce

If more than four

or separation

dependents,

(see page 16)

see page 15.

Dependents on 6c

not entered above

Manual

Total number of exemptions claimed . . . . . . . . . . . . . . . . . . . . . . . . . . .

Add numbers on lines above

Override ê

Income

Wages, salaries, tips, etc. Attach Form(s) W-2.

. . . . . . . . . . .

Taxable interest. Attach Schedule B if required. . . . . . . . .