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 2011 tax year, the standard deductions are as follows: single, $5,800; head of household, $8,500; married filing separately, $5,800; married filing jointly, $11,600.

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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.

 
   
   
Personal Wealth Advisors, LLC
5800 Granite Pkwy, Ste 100 • Plano, TX • 75024
Phone: (972) 377-8088 • Fax: (972) 377-8554

Securities & Advisory services offered through VSR Financial Services, Inc., a Registered Investment Adviser and member FINRA / SIPC.

Personal Wealth Advisors, LLC is independent of VSR.

For the VSR Financial Services, Inc. website, click here.

The information on this site should not be considered a solicitation or an offer to sell products or services in any state beside those which MF Long, and/or John Towers is properly registered. MF Long is registered in AL, AR, CA, FL, MD, MO, NY, OK, TX, & WI and John Towers is registered in AR, CA, FL, GA IA, LA, NC, TX.