Gross Distribution Calculator

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Use this calculator to determine the net distribution after taxes and fees or your required gross distribution required for a specific net amount.

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Gross Distribution Calculator Definitions

Filing status: Choose your filing status. Your filing status determines the income levels for your Federal tax rates. The table below summarizes the five possible filing status choices. It is important to understand that your marital status as of the last day of the year determines your filing status.

Filing Status

Married Filing Jointly If you are married, you are able to file a joint return with your spouse. If your spouse died during the tax year, you are still able to file a joint return for that year. You may also choose to file separately under the status "Married Filing Separately".

Qualified Widow(er) Generally, you qualify for this status for two years after the year of your spouse's death, as long as you and your spouse filed a joint tax return in the year immediately prior to their death. You are also required to have at least one dependent child or stepchild for whom you are the primary provider.

Single Use this filing status if you don't qualify for any other filing status. Generally, if you are divorced, legally separated or unmarried as of the last day of the year you should use this status.

Head of Household This is the status for unmarried individuals that pay for more than half of the cost to keep up a home. This home needs to be the main home for the income tax filer and at least one qualifying relative. You can also choose this status if you are married, but didn't live with your spouse at any time during the last six months of the year. You also need to provide more than half of the cost to keep up your home and have at least one dependent child living with you.

Married Filing Separately If you are married, you have the choice to file separate returns. The filing status for this option is "Married Filing Separately".
Estimated adjusted gross income (AGI): This is your total taxable income for the year after deductions for retirement contributions such as 401(k)s, IRAs, etc. For tax filing purposes this would be the same as your Adjusted Gross Income.
Federal tax rate:: The marginal Federal tax rate you expect to pay. **TAXTABLE_TAXYEAR_DEFINITION**
State tax rate:: The marginal state tax rate you expect to pay.

Married Filing Jointly	If you are married, you are able to file a joint return with your spouse. If your spouse died during the tax year, you are still able to file a joint return for that year. You may also choose to file separately under the status "Married Filing Separately".
Qualified Widow(er)	Generally, you qualify for this status for two years after the year of your spouse's death, as long as you and your spouse filed a joint tax return in the year immediately prior to their death. You are also required to have at least one dependent child or stepchild for whom you are the primary provider.
Single	Use this filing status if you don't qualify for any other filing status. Generally, if you are divorced, legally separated or unmarried as of the last day of the year you should use this status.
Head of Household	This is the status for unmarried individuals that pay for more than half of the cost to keep up a home. This home needs to be the main home for the income tax filer and at least one qualifying relative. You can also choose this status if you are married, but didn't live with your spouse at any time during the last six months of the year. You also need to provide more than half of the cost to keep up your home and have at least one dependent child living with you.
Married Filing Separately	If you are married, you have the choice to file separate returns. The filing status for this option is "Married Filing Separately".