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.

 
   
   
Blue Point Financial
243 US Route One • Scarborough, ME • 04074
Phone: 207-883-2009 • Fax: 207-883-5034
• ohalloran_timothy@nlvmail.com gilbert_heather@nlvmail.com

 

Timothy O'Halloran is a Registered Representative and Investment Adviser Representative of Equity Services, Inc. and offers securities in ME, FL, MA, NH, NJ, SD, & WA.  He is also insurance-licensed in ME, FL, NH, MA, & VA.

 *Securities and investment advisory services are offered solely by Equity Services, Inc., Member FINRA/SIPC, 354 Mountain View Drive, Suite 200 Colchester, VT 05446 Tel: 802-864-6819 Blue Point Financial and all other entities referenced are independent of Equity Services, Inc. unless otherwise noted.


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