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.

 
   
   
Capital Financial Benefit Solutions, LLC
307 International Circle, Suite 100 • Hunt Valley, MD • 21030
Phone: 410-821-2920 • Fax: 410-821-2930
• cfpinfo@htk.com

*Registered Representatives of, and Securities and Investment Advisory Services offered through, Hornor, Townsend and Kent, Inc., (HTK), Registered Investment Advisor. Member FINRA/SIPC. 307 International Circle, Suite 100, Hunt Valley, MD. 21030, 410-821-2920. Capital Financial Benefit Solutions, LLC, National Financial Legacy Group, and other listed entities are independent of and not affiliated with Hornor, Townsend and Kent, Inc unless otherwise noted.  HTK is a wholly owned subsidiary of Penn Mutual.

HTK does not offer tax or legal advice. Please consult a qualified advisor regarding your individual circumstances.

Our representative are insurance and securities licensed in the state of Maryland, including additional states.  This is not an offer or solicitation in any state where not properly licensed and/or registered.

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