A Clear View of Your Taxes Can Give YouInsights Into Your Financial Picture

Your Annual Tax Obligation?

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Taxes Don’t Come Just Once a Year

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• Every Day is Tax Day- They go home with you from every shopping trip

- They hitch a ride on every gallon of gas

- They call out from every phone bill

Questions to Ask Yourself

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• How do your taxes add up?

• What’s the impact on your financial well-being?

• Can you do anything to affect your tax obligations?

• Will taxes affect your future financial decisions?

The More You Know, the More You Can Do

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• Be aware of the need for financial planning

• Be in better control of your financial situation

• Be better prepared to make important financial decisions

- Considering changing jobs?

- Buying a house, or renting?

- Moving to another county or state?

- Change your saving or spending habits?

Where to Look to Get a Comprehensive View

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• Total Tax Insights™ calculator – an easy-to-use online tool

- Gives clearer picture of types and number of taxes you pay

- Estimates amounts you pay for each type of tax

- Generates approximate total of your tax obligation

- Includes taxes for every state, plus D.C. and Puerto Rico

• Plus other resources to help youlearn more

• Brought to you by the CPA profession

Just a Few Simple Steps

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• Go online to totaltaxinsights.org

• Click on the state or jurisdiction where you live

• Enter minimum information (estimates are okay)

- The county and/or city where you live

- Your marital status

- Your federal adjusted gross income

- Your number of dependents

• Add other information to get a more comprehensive estimate

• Do a side-by-side comparison of severallocations, if you want

• In a matter of seconds, your estimated annual tax bill appears

Use Your New Insights to Plan for Tomorrow

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• Figure your taxes into your financial plans

- Household budgeting

- Retirement planning

- Tax-efficient investments

- Funding your children’s college

- And many other financial decisions!

• Consider tax ramifications

- Where to live

- What kind of car to drive

- Whether to change jobs or counties

• Seek the trusted advice of a qualified tax and financial professional

A Public Service of the American Institute of CPAs• A longtime advocate for tax simplification and transparency

• Committed to national consumer financial education

- Total Tax Insights Calculator

- 360 Degrees of Financial Literacy

- 360 Degrees of Taxes

- Feed the Pig

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Copyright © 2011 American Institute of CPAs

Copyright © 2012 American Institute of CPAs

Thank you