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Calculate yearly tax expenses (Lifetime Planner)

The Lifetime Planner estimates tax expenses by looking at the source of the income. The amount of tax you pay each year is simply the total of the various tax rates you pay on each kind of income you receive. Below is a list of taxable sources of income with information about how the Lifetime Planner computes taxes on them.

  • Taxes on salaries and benefits
  • Taxes on distributions (withdrawals) from tax-deferred retirement plans
  • Taxes on withdrawals from taxable investments
  • Taxes on other income
  • Taxes on income from a home or asset
  • Taxes on gains from the sale of a home
  • Taxes on gains from the sale of an asset

    Not Available in Canada

    This tool is unavailable for users of our Canadian products.

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