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.

 
   
   
Ries Financial Group - financial advisor, financial planner, Bel Air, Harford County, Maryland, investments, retirement, estate, assets, portfolio
115A North Main Street • Bel Air, MD • 21014
Phone: (410) 809-6704
Toll-Free: (866) 578-1783
 • Fax: (410) 836-0869
• jennifer.snyder@stifel.com

 

 
 
Important Information:
  
1)This web site has been prepared solely for informational purposes. It is not an offer to buy or sell any security; nor it is a solicitation of an offer to buy or sell any security.

(2)Representatives of a broker-dealer or investment advisor may only conduct business in a state if the representatives and the broker-dealer or investment advisor they represent: (a) satisfy the qualification requirements of, and are approved to do business by, the state: (b) are excluded or exempted from the state's licenser requirements.

(3)Products and investment advisory services are offered through Stifel, Nicolaus & Company, Incorporated, Member SIPC & NYSE.
 
Investing involves risk, including the possible loss of principal invested.
 
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