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.

 
   
   
Scott Financial Services
3 Fairwood Drive • Miamisburg, OH • 45342
Phone: 937-865-0133 • Fax: 937-247-0696
• al.scott@wrprr.com

Securities offered to the resdients of the following states only, IN, MS, OH, TN, VA, WI.

Security products are sold by prospectus which contains more complete information about charges, limitations, and expenses. Copies of specific product prospectuses and statements of additional information may be obtained by contacting Al Scott. Prospectuses should be read carefully and the charges, expenses, should be carefully considered before investing or sending money.

Scott Financial Services is a financial services company that offers Life, Disability and Long Term Care Insurance and a broad array of financial products and services.  Allan F. Scott is a Registered Representative and Investment Advisor Representative and offers securities and advisory servicesthrough WRP Investments Inc., Member FINRA & SIPC. Securities and advisory services are supervised from 4407 Belmont Ave. Youngstown, OH 44505, (330) 759-2023. Scott Financial Services is not affiliated with WRP Investments Inc.

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