Use your most recent paystub to estimate your W2 information for the year, which you can then use to predict your Federal and State Tax Returns. Taxes are automatically calculated based on your income and any pre-tax deductions you have. If they are not calculating correctly, double check that the deductions you are entering are removed pre-tax from your paystub. If your salary changed mid-year or you began your job in the middle of the year, you will need to adjust the YTD amounts manually. If you make a mistake or change something and your values are not automatically recalculated, reset the values to 0 and then enter your numbers again.

Once you have completed all your entries, click the button for Next Section and you will be taken to the Federal Tax Return section. None of the data you enter is stored by the server, and will be cleared when you leave the page.

Using your most recent paystub, enter your information: Marital / Filing Status:    Single Married filing jointly Married filing separately Head of Household Qualifying Widow(er) Paycheck Frequency:    Weekly (once per week) Bi-Weekly (every two weeks) Semi-Monthly (twice per month) Monthly (once per month) Paystub Date:     Exemptions Federal Exemptions:     State Exemptions:     Earnings Gross Income: $ YTD: $ Pre-Tax Deductions Medical:   X Medical Premium: $ Prescription Drug Premium: $ Vision Care Premium: $ Dental Premium: $ Island Flex Deduction: $     Calculate Total Pre-Tax Medical: $ YTD: $ Retirement Contributions: $ YTD: $ Deferred Compensation: $ YTD: $ Other (Transportation, etc.): $ YTD: $ Taxes and Other Deductions State: $ YTD: $ Federal: $ YTD: $ Social Security: $ YTD: $ Medicare: $ YTD: $ Net Net: $ YTD: $

Calculated W2 Information: 1. Wages, tips and 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 7.   -   15. --- 16. State wages, tips, etc. 17. State income tax 18.   -   20. --- Recalculate Looks Good? Next Section

Complete all fields relevant to you. If you are unsure, see 1040 Instructions 2016.Your relevant W2 data has been imported. If filing jointly, you will need to adjust these. Figures calculated are estimations only. Line numbers indicate where you would see this field on the 1040.

Once you have completed all your entries and calculated your return, you can adjust your Exemptions on your paystub information above and Recalculate to see how your Federal Return would change.

Using your W2 and other tax documents, enter: Exemptions: Yourself: Spouse: Dependents: Over 65: Yourself: Spouse: (born before Jan. 2, 1951) Basic Information 7. Wages from W2 Line 1: $ 64. Federal Income Tax Withheld: $ Wages from W2 Line 16: $ A5a. State Income Tax Withheld (Schedule A): $ For Homeowners 53. Residential Energy Credit (5695): $ 60b. First-time Homebuyer Credit Repayment (5405): $ A6. Real estate taxes (Schedule A): $ A10. Home mortgage interest - 1098 (Schedule A):   X Mortgage balance at the begining of the year: $ Monthly mortgage payment: $ Interest rate: % Monthly taxes and insurance: $     Calculate Estimated Interest Paid: $ A11. Mortgage interest not reported (Schedule A): $ A12. Points not reported (Schedule A): $ A13. Mortgage interest premiums (Schedule A): $ 8396. Certificate rate on MCC (8396): % For Healthcare Payments 25. Health Savings Account Deduction (8889): $ 61. Health Care (full-year coverage): $ A1. Medical and dental expenses (Schedule A): $ For Students (Current and Former) 33. Student Loan Interest:   X Student loan balance at the begining of the year: $ Monthly payment: $ Interest rate: %     Calculate Estimated Interest Paid: $ 34. Tuition and Fees (8917): $ 50. Education Credits (8863 L19): $ 68. American Opportunity Credit (8863): $ For Parents 49. Credit for Child and Dependent Care (2441): $ 52. Child Tax Credit (8812): $ 67. Additional Child Credit (8812): $ For Divorcees 11. Alimony Received: $ 31a. Alimony Paid: $ For Employers / Self Employed 12. Business Income / Loss (Schedule C): $ 14. Other Gains / Loss (4797): $ 18. Farm Income / Loss (Schedule F): $ 27. Deductible Self-Employment Tax (Schedule SE): $ 28. Self-Employed SEP, SIMPLE, etc.: $ 29. Self-Employed Health Insurance: $ 35. Domestic Production Activities (8903): $ 57. Self-Employment Tax: $ 60a. Household Employment Taxes (Schedule H): $ For Investors 8a. Taxable Interest (Schedule B): $ 9a. Ordinary Dividends (Schedule B): $ 13. Capital Gains / Losses (Schedule D): $ 17. Rental Real Estate, etc. (Schedule E): $ A14. Investment interest (Schedule A): $ For Retirees 15b. IRA Distributions (Taxable): $ 16b. Pensions and Annuities (Taxable): $ 20b. Social Security Benefits (Taxable): $ 30. Penalty on early withdrawal of savings: $ 32. IRA Deduction: $ 58. Unreported Soc. Sec. and Medicare (4137, 8918): $ 59. Additional Tax on IRAS, etc. (5329): $ Other Income and AGI 10. Taxable Refunds: $ 19. Unemployment Compensation: $ 21. Other Income: $ 23. Educator expenses: $ 24. Certain Business Expenses (2106): $ 26. Moving Expenses (3903): $ Other Taxes and Credits 45. Alternative minimum tax (6251): $ 46. Excess advance premium tax credit repayment (8962): $ 48. Foreign tax credit (1116): $ 51. Retirement Savings Contrib. Credit (8880): $ 54. Other Credits (3800, 8801, 8396, etc.): $ 62. Taxes From 8959, 8960, etc.: $ A8. Other taxes (Schedule A): $ Other Payments 65. Estimated payments applied from previous return: $ 66a. Earned Income Credit: $ 69. Net Premium Tax Credit (8962): $ 70. Amount paid with request for extension: $ 71. Excess social security and RRTA withheld: $ 72. Credit for federal tax on fuels (4136): $ 73. Credits from 2439, 8885, etc.: $ Schedule A - Itemized Deductions (fields not listed above) A7. Personal property taxes: $ A16. Gifts to charity: $ A20. Casualty or theft losses: $ A21. Unreimbursed employee expenses: $ A22. Tax preparation fees: $ A23. Other expenses: $ A28. Other miscellaneous deductions: $

Calculated Federal Tax Return (1040): 6d. Exemptions 7. Wages 22. Total Income 36. Total Adjustments 37. Adjusted Gross Income (AGI) 38. Amount from line 37 (AGI) 40. Deductions (Itemized or Standard) 41. AGI minus Deductions 42. Exemptions 43. Taxable Income 44. Tax 47. Tax plus other taxes 55. Total Credits 56. Tax minus Credits 63. Total Tax 64. Federal income tax withheld 74. Total Payments 75. Amount Overpaid 78. Amount You Owe Looks Good? Next Section

Complete all fields relevant to you. If you are unsure, see 2014 N-11 Instructions.Your relevant W2 and 1040 data has been imported. If filing jointly, you will need to adjust these. Figures calculated are estimations only. Line numbers indicate where you would see this field on the N-11.

Once you have completed all your entries and calculated your return, you can adjust your Exemptions on your paystub information above and Recalculate to see how your State Return would change.