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.

 
   
   
Cents & Sensibility
Cents & Sensibility, Inc.
5890 Stoneridge Drive, Suite 103		 • Pleasanton, CA • 94588
Phone: 925-225-1135 or
toll free 877-CENTS11		 • Fax: 925-225-1227
• Sharon@centsandsensibility.com Laurie@centsandsensibility.com Lisa@centsandsensibility.com Kristy@centsandsensibility.com Robyn@centsandsensibility.com

Sharon Almeida is a Registered Representative with VSR Financial Services, Inc., a FINRA Registered Broker-Dealer.  While VSR Financial Services, Inc. is registered to sell securities products in all 50 United States and the District of Columbia, Sharon Almeida is currently registered to sell securities products in AZ., CA., CO., GA., HI., MA., MN., NV., NM., TN.

Securities and advisory services offered through VSR Financial Services, Inc. a registered investment advisor and Member FINRA/SIPC.  Cents & Sensibility, Inc. and VSR Financial Services are not affiliated companies.