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.

 
   
   
Leader Financial Services
350 S. Main Street, Suite 107 • Doylestown, PA • 18901
Phone: 215-340-2600 • Fax: 215-340-2606
• leader@leaderfinancialservices.com
Investment advisory services are offered through Registered Investment Advisor, Gwynedd Company, 1100 Sumneytown Pike, Lansdale, PA 19446 (215-855-1630) and registered products, annuity and insurance through Rampart Financial Services, Inc., 2005 Easton Road, Doylestown, PA 18901 (215-880-1640) member FINRA, SIPC . Leader Financial Services and The Leader Company are not owned or operated by Gwynedd Company or Rampart Financial Services, Inc.

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