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.

 
   
   
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Rick is licensed to sell Insurance Products in the following states: Minnesota

Rick is registered to sell Securities in the following states: Arizona, California, Colorado, Florida, Illinois, Iowa, Maryland, Minnesota and Wisconsin.

Advisory Services offered through Securities Monitoring Group, LLC (SMG), an SEC Registered Investment Advisor. 

Registered Principal offering securities and additional advisory services through Independent  Financial Group, LLC (IFG), a registered broker/dealer and investment advisor.  Member FINRA / SIPC.

Lighthouse Investor Services, SMG, and IFG are unaffiliated entities. 

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