|Federal Income Tax Estimator 2019
|Federal Income Tax Estimator 2019|
This is a hypothetical example intended for illustration purposes only.
This calculator considers only the general capital gain tax rates applicable to long-term capital gains, it does not consider any
specialized capital gain tax rates.
This calculator adjusts the regular standard deduction only for old age and blindness.
The calculator limits the allowable amount of the charitable gift deduction to 60% of adjusted gross income (note that the amount actually
allowed may be less, depending upon the gift recipient and the type of property donated).
This calculator does not take into consideration that certain credits may be refundable if they exceed tax liability.
For purposes of the alternative minimum tax, this calculator considers only adjustments for: the itemized deductions entered and the standard
deduction. Any other adjustments and tax preferences are not taken into account.
This calculator does not calculate any state taxes.
This calculator reduces the qualified business income deduction to the extent that the deduction exceeds 20% of taxable income (as reduced by long-term capital gains and qualified dividends). For this purpose, taxable income is computed without regard to this deduction.
Broadridge Investor Communication Solutions, Inc. does not provide investment, tax, legal, or retirement advice or recommendations. The information presented here is not specific to any individual's personal circumstances.
To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.
These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable — we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.
|Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2020.