Are you confused about how the United States tax system works? If you are you are not alone as it is one of the most misunderstood systems in the world. Not only is the tax code confusing but it also breaks down by state county and even city. Before the American Institute of Certified Public Accountants released their new “Total Tax Insights Calculator” only CPAs could figure out your taxes. Now you can get a sneak peak of exactly what you need to pay.
What it is
The Total Tax Insights Calculator is meant to give the average person a clear view of their federal state and local taxes they pay in any given year based on the information they put into the calculator. This interface draws from over 20 different databases and takes into account most of the different situations in which you pay taxes or can receive deductions.
The calculator was made to give the public a comprehensive and transparent view of their taxes. Once you know what taxes you pay you can decide what impact buying a new car home etc. will have on your taxes. Not only will you be better equipped to make informed decisions but this is just another step in becoming financially sound.
How it Works
When you first enter the calculator you must pick your state. Once you have done that it redirects you to the page where you put in all your tax information such as: your filing status your adjusted gross income your expenditures etc. After you have filled out all the information it will then take you to a page that breaks down all taxes that you will pay in any given year.
The Total Tax Insights Calculator is quick easy and fun to use to get you on your way to financial stability.
Where to find it
You can find the Total Tax Insights Calculator here.
Call Lindemeyer for a more detailed look or schedule a first consultation online.