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.

 
   
   
The Capital Advisory Group, LLC. | (952) 831-8243
DANVERS, MA OFFICE:
150A Andover Street, Suite 2
Danvers, MA 01923
Office: (978) 777-6554

BLOOMINGTON, MN OFFICE:
5270 West 84th St. Suite #310
Bloomington, MN 55437
Phone: (952) 831-8243
Toll Free: 1-800-548-1820
Fax: (952) 400-4900

MAPLE GROVE, MN OFFICE:
11330 86th Ave North
Maple Grove, MN 55369-4528
Office: (952) 541-9201
Fax: (952) 400-4900

SANDESTIN, FL OFFICE:
8969 Heron Walk Drive
Sandestin, FL 32550
Phone: (800) 548-1820
Fax: (850) 650-0802
• bmachtig@investorscapital.com

Securities offered through Investors Capital Corporation Member FINRA/SIPC. Advisory Services offered through The Capital Advisory Group Advisory Services, LLC, an Independent Registered Investment Advisor, not affiliated with Investors Capital Corporation, 5270 West 84th Street, Suite 310, Bloomington, MN 55437. The information presented herein should not be considered an offer to buy or sell securities. Such offer to buy or sell securities may only be made by prospectus in those jurisdictions in which the product and representative are appropriately registered.

The Capital Advisory Group, LLC and/or other advisors at The Capital Advisory Group, LLC are securities licensed in the following states: AL, CA, CO, CT, FL, GA, IA, IL, IN, KY, LA, MA, MD, MN, MO, NC, ND, NJ, NM, NY, OR, PA, RI, SD, TN, TX, VT, WA, WI.