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.

 
   
   
LS Ross CPA's & Financial Services
3590 Cherokee Street Ste. 403
 • Kennesaw, GA • 30144
Phone: (770) 792 2233- Kennesaw
(770) 270 5550 - Atlanta
 • Fax: (770) 792 2243- Kennesaw
(770) 270 0798- Atlanta
• Taxes@lsrosscpa.com

 

 

* These services are offered by Richard Ross and Jennifer Dorward through their affiliation with HD Vest Investment Services SM,  Richard Ross  is also affiliated with H.D. Vest Advisory Services SM.
Investments & Insurance Products: Are not insured by the FDIC or any federal government agency. Are not deposits of or guaranteed by the bank of any bank affiliate.

Richard Ross and Jennifer Dorward are registered representatives registered to transact business with clients in Georgia. Richard is also registered in Kentucky, North Carolina, Indiana, Arkansas and Florida and he is advisory licensed in Georgia. Richard Ross and Jennifer Dorward are insurance agents licensed in Georgia. If you are not a resident of the states noted above, all investment-related information on this site is for informational purposes only and does not constitute a solicitation or offer to sell securities or insurance services over the internet.

Securities offered through HD Vest Investment ServicesSM, Member: SIPC,
Advisory services are offered through H.D. Vest Advisory ServicesSM,
6333 North State Highway 161, Fourth Floor, Irving, Texas 75038, (972) 870-6000
 
Investments & Insurance Products: Are not insured by the FDIC or any federal government agency are not deposits of or guaranteed by the bank or any bank affiliate may lose value

LS Ross CPA's & Financial Services is not a registered broker/dealer or independent investment advisory firm.