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.

 
   
   
Jim Coleman Financial Advisor Waterbury CT
60 Lakeside Blvd. West • Waterbury, CT • 06708
Phone: 203-756-PLAN (7526)
1-800-280-2399		 • Fax: 203-755-2041
• Jim@ColemanAdvisoryGroup.com

Securities offered through Securities America, Inc. Member FINRA/SIPC James W. Coleman, Registered Representative. Advisory services offered through Securities America Advisors, Inc., James W. Coleman, Investment Advisor Representative.  Coleman Financial Advisory Group and the Securities America companies are non-affiliated.

We are registered to sell Insurance Products in the following states: Connecticut, Florida, Georgia, New York, North Carolina, Ohio, South Carolina and Wisconsin. We are registered to sell Securities in the following states: California, Colorado, Connecticut, Florida, Georgia, Maryland, Massachusetts, Maine, Michigan, New Jersey, New Mexico, New York, North Carolina, Ohio, Rhode Island, South Carolina, Tennessee, Texas, Washington and Wisconsin.