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.

 
   
   
Keith W. Andre, Cfp Cpa/pfs
4695 W University Dr • McKinney, TX • 75071-4816
Phone: 972-548-1040 • Fax: 972-562-1099
• kandre@swsfinancial.com

                

 

Offering general securities through SWS Financial Services, Inc.

1201 Elm Street, Suite 3500, Dallas, TX 75270

Member: FINRA & SIPC

 

 

Sample articles and reports are written and prepared by Emerald Publications and are provided for informational purposes only and not intended as a solicitation. Keith Andre is a registered representative of SWS Financial Services, Inc.  SWS Financial Services, Inc., is a registered broker-dealer and registered investment adviser that does not provide tax or legal advice. This website is only intended for clients and interested investors residing in states in which SWS Financial Services, Inc., or its financial advisors are qualified to provide brokerage services or investment advisory services. SWS Financial Services, Inc., does not attempt to furnish personalized investment advice or services through this website. Certain places on this site offer direct access or "links" to other websites that contain information that was created, published, maintained or otherwise posted by institutions or organizations independent of SWS Financial Services, Inc. SWS Financial Services, Inc. does not endorse, approve, certify or control these websites and does not assume responsibility for the accuracy, completeness or timeliness of the information located therein. Visitors to these sites should not use or rely on the information contained therein until after consulting with an independent finance professional. SWS Financial Services does not necessarily endorse or recommend any commercial product or service described on these independent sites. SWS Financial Services, Inc., is a wholly owned subsidiary of SWS Group, Inc. (NYSE: SWS) with offices at 1201 Elm Street, Suite 3500, Dallas, Texas, 75270, (214) 859-1800. Past performance is no guarantee of future results.

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