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.

 
   
   
Securities America
107 Center Drive • Buffalo, MN • 55313
Phone: 763-682-9000 • Fax: 763-682-3228
• dave@sportsmendream.com

 Securities offered through Securities America, Inc., Member FINRA/SIPC. Advisory services offered through Securities America Advisors, Inc.  Sportsmen Dream Financial and the Securities America companies are separate entities.

 This website is neither an offer to buy nor a solicitation to sell securities.  The representative is licensed to sell and or discuss insurance in the following states:  ID, MN, MO, OH, VA.  The representative is licensed to sell and or discuss securities in the following states:  CA, IA, ID, IN, MN, MO, ND, OH.  The representative is licensed to offer advisory services in the following state: MN.