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- Better manage your specific tax situation or complete a high level check to confirm your tax software or paid return was completed correctly. - Consider upgrading should you wish to use more frequently without ads. - You do not need to be a CPA or Enrolled Agent to understand how to use this tax calculator.- Just select your filing status, input your income, exemptions and estimated deductions to quickly assess your tax liability for 2012. Note: 2011 is also included should you need to file an amended tax return for any reason. *** Federal Taxes are due to be filed on or before April 15, 2013 *** - Quickly and easily calculate Short and Long Term Capital Gains or Losses to assess the effect on your return. Note: The G/L Calculator is separate and any adjustments to income or taxes should be taken into consideration when reviewing your situation in aggregate. - Compare your Federal Income Tax Liability using both Standard and Itemized deductions to determine the most favorable filing approach for your specific situation.