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.

 
   
   
Strategic Wealth Coach, LLC
1 Market Place, Suite 22 • Essex Junction, VT • 05452
Phone: (802) 878-6155 • Fax: (802) 878-6818
• bhudson@vsrfin.com

Securities and Advisory Services offered through VSR Financial Services, Inc., A Registered Investment Adviser, and Member FINRA/SIPC.  Strategic Wealth Coach, LLC and VSR Financial Services are not affiliated companies.  Robert Hudson holds the FINRA Series 7, 24, 63, 65 security registrations in the states of AZ, FL, IL, MA, MD, MO, NC, NY, SC, VT.  To work with residents of other states, the appropriate registration for the state you reside in must be obtained by Mr. Hudson before proceeding further.  No part of this communication should be construed as an offer to sell any security or provide investment advice or recommendations.  Securities offered through VSR Financial Services, Inc. will fluctuate in value and are subject to investment risks including possible loss of principal. 

CFP(R), CERTIFIED FINANCIAL PLANNER Professional and CFP(R) are certification marks owned by the Certified Financial Planner Board of Standards, Inc.

Enrolled Agents (EAs) are federally-authorized tax practitioners who have technical expertise in the field of taxation and are licensed to represent taxpayers before the Internal Revenue Service.  EAs are the only tax practitioners required by federal law to maintain their expertise through continuing professional education.