Federal Income Tax  
Paying federal income taxes is one of most people’s least favorite annual activities. As a result, many people tend to procrastinate by not planning for their taxes each year and by completing and filing the forms at the last possible minute. This calculator is designed to help you estimate your annual federal income tax liability.
     

What is your tax filing status?

What is your total pre-tax income? Include W-2 income, interest, dividends, rental income, etc.

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Enter the total contributions made to all employer-sponsored plans this year (e.g., 401(k) plans, traditional IRA’s, etc).

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Enter your deduction(s). If you itemize your deductions, enter that total here. Otherwise, enter the appropriate standard deduction. For the 2012 tax year, the standard deductions are as follows: single, $5,950; heads of households $8,700; married filing separately, $5,950; married filing jointly, $11,900.

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Enter the number of dependents/personal exemptions that you will be claiming. Generally, this will be you, your spouse, and your children.

 
   
   
Ten Haagen Financial Group
191 New York Avenue • Huntington , NY • 11743
Phone: 631.425.1966 • Fax: 631.425.7621
• WiseInvesting@TenHaagen.com

Securities and Advisory Services offered through Royal Alliance Associates, Inc. 

Member FINRA/SIPC and a Registered Investment Advisor.

Ten Haagen Financial Group is not affiliated with Royal Alliance Associates, Inc. or registered as a broker dealer or investment advisor.


 

This communication is strictly intended for individuals residing in the states of (CA, CT, FL, MN, NC, NJ, NY) No offers may be made or accepted from any resident outside the specific state(s) referenced.
                                       
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