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.

 
   
   
Sourcenet Investment Services Llc

350 Lincoln Street, Ste 2400

 • Hingham, MA • 02043
Phone: (617) 266 9700 Toll Free (877) 266 9700 • Fax: (617) 507 8458
• info@snetinvest.com

Securities through Concorde Investment Services LLC, member FINRA/SIPC.   Sourcenet Investment Services LLC is separately owned and independent of Concorde Investment Services LLC.

This is neither an offer to purchase nor a solicitation to buy.  These may only be done via prospectus or private placement memorandum.