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.

$

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

$

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.

$

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

 
   
   
Advocate Financial Group, LLC
3461-C Lawrenceville Suwanee Road • Suwanee, GA • 30024
Phone: 678-546-7890 • Fax: 678-546-7372

Charles Frazier is licensed to sell securities in the State of Georgia. This website should not be considered a solicitation in any other state. Transamerica Financial Advisors, Inc. (TFA) and its representatives do not give tax, or accounting advice. Clients and other interested parties are urged to consult with and rely solely upon their own independent advisors regarding their particular situation and the concepts presented here.

Charles Frazier is an Investment Advisor Representative with Securities and Investment Advisory Services offered through Transamerica Financial Advisors, Inc. (TFA) Member FINRA, SIPC and a Registered Investment Advisor.  Non-security products and services are not offered through TFA.  Advocate Financial Group is not affiliated with TFA. 

 

Privacy Policy