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.

 
   
   
Springfield Wealth Advisors
3556 Culpepper Circle, Ste 4A • Springfield, MO • 65804
Phone: 417-886-8500 or 1-800-299-5725 • Fax: 417-886-8905
• mikehorn@springfieldwealthadvisors.com

IMPORTANT CONSUMER INFORMATION

A broker-dealer "BD", investment advisor "IA", a BD agent, or IA representative may only transact business in a state if first registered in that state, or is excluded or exempt from registration in that state as a broker-dealer, investment adviser, BD agent or IA Representative, as appropriate. Follow-up, individualized responses to persons in a state by such a firm or individual that involve either affecting or attempting to affect transactions in securities, or the rendering of personalized investment advice for compensation, will not be made without first complying with appropriate registration requirements, or an applicable exemption or exclusion.



For information concerning the licensing status or disciplinary history of a broker-dealer, investment adviser, BD agent, or IA rep, a consumer should contact his or her state securities law administrator.



The information within this website is believed to be correct but is dependent on outside sources. It is not intended to give tax or investment advise. This information should be given in person from a professional that has taken the time to review your assets, needs, and circumstances before making a recommendation.



Michael E. Horn



Springfield Wealth Advisors, Inc.



3556 Culpepper Circle, Suite 4A



Springfield, MO 65804







(417) 886-8500



1-800-299-5725







Securities offered through Investment Planners, Inc.

Member FINRA & SIPC


 

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