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.

 
   
   
Sound Financial Services, Inc.
90 Grove St.Suite 212 • Ridgefield, CT • 06877-5509
Phone: 1 (800) PLANWORKS • Fax: (203) 438-2756
• mhelgesen@ssnrep.com

Securities offered through Securities Service Network, Inc., Member FINRA/SIPC.  Fee based advisory services offered through SSN Advisory Inc., a Registered Investment Advisor.  Advisory services available to residents of  CT, DE, Fl, NJ, OK, VA, VT.

We are registered to solicit securities in the states of:  CT,NY, NJ., DE, FL,AL,AR,FL,AL,AR,CA,GA,KY,MA,ME, NC,OH,OK, PA, TN,SC, VA,VT. We are appointed to solicit insurance in the states of CT, NY, NJ, DE, FL, MA, NC, OH, & TN. This is not a solicitation of products or services where not registered. Please do not e-mail trading instructions we cannot accept instructions via e-mail. Thank you.

 

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