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.

 
   
   
Marshall Capital Management Group
Theatre Building 629 S. 4th St. Ste. 302
Louisville, KY 40202

101 Southwestern Blvd. Suite# 136
Sugar Land, TX 77479		 • Louisville , KY • 40202
Phone: (502) 681-6264 • Fax: (502) 584-3150
• James@MarshallCapitalMgmt.com

.NOTE: Before proceeding further, please be advised that this web site is operated by a registered investment advisor associated with Marshall Wealth Management, LLC. a state registered investment advisor. The web site owner(s)is licensed to discuss with or offer investment & financial services & products only to residents of the states within which the owner(s) is licensed. Securities related services may not be provided to individuals residing in any other state. The information offered is for informative purposes only. None of this information is to be construed as an offer to buy or sell securities referred to within or otherwise. Neither the owner(s) of this web site Marshall Wealth Management, LLC. nor its affiliates makes any guarantee as to the accuracy or completeness of this information.