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 Cumberland Financial Group, LLC.
6250 Hwy 40 E, Suite 3
St. Marys, Georgia 31558

Phone: 1-912-576-3700
Fax: 1-912-576-3709

Also serving Florida
• charlie@tcfg-fl.com

mary@tcfg-fl.com

 

Charles Smith is a Registered Representative offering securities through Questar Capital Corporation (QCC), Member of FINRA/SIPC.  Charles Smith is an Investment Advisor Representative offering advisory services through Questar Asset Management (QAM), a Registered Investment Advisor. The Cumberland Financial Group LLC is independent of QCC and QAM.