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A Clear View of Your Taxes Can Give You Insights Into Your Financial Picture

A Clear View of Your Taxes Can Give You Insights Into Your Financial Picture. Your Annual Tax Obligation? . Taxes Don’t Come Just Once a Year. 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.

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A Clear View of Your Taxes Can Give You Insights Into Your Financial Picture

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

  2. Your Annual Tax Obligation?

  3. Taxes Don’t Come Just Once a Year • 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

  4. Questions to Ask Yourself • 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?

  5. The More You Know, the More You Can Do • 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?

  6. Where to Look to Get a Comprehensive View • 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

  7. Just a Few Simple Steps • 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

  8. Use Your New Insights to Plan for Tomorrow • 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

  9. 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

  10. Thank you

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