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.

 
   
   
Kasprzak Financial Associates, Inc.
482 Congress Street, Suite 503 • Portland, ME • 04101
Phone: (888) 778-1578 • Fax: (207) 772-5501
• kasprzak_thomas@nlvmail.com

*Securities and investment advisory services are offered solely through registered representatives and investment adviser representatives of Equity Services, Inc., Member FINRA/SIPC, a Broker/Dealer and Registered Investment Adviser, 354 Mountain View Drive, Suite 200, Colchester, VT  05446, 802.864.6819.

Tom Kasprzak is a Registered Representative and Investment Advisor Representative of Equity Services, Inc. and offers securities in Maine, New Hampshire Massachusetts, Virginia and Florida.  He is also licensed to offer insurance in Maine, New Hampshire and Massachusetts. 

Equity Services, Inc., Life Insurance Company of the Southwest, National Life Insurance Company, National Retirement Plan Advisors and Sentinel InvestmentsSM are affiliated.  Each company referenced above is solely responsible for its own financial condition and contractual obligations. NL Financial Alliance is a tradename and distribution channel of National Life Insurance Company, Montpelier, Vermont.  Kasprzak Financial Associates, RBC Trust Company (Delaware Limited) and all other entities referenced are independent of these affiliated companies unless otherwise noted.

 

Trust Services offered by RBC Trust Company (Delware Limited), Wilmington, DE  19850.  Tel:  (302) 892-6900.


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