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#Announcing the Total Tax Insights Calculator

Offered by the CPA profession to give taxpayers a clearer picture of the types and number of taxes they pay, the Total Tax Insights calculator is the first comprehensive tax calculator that estimates a person s tax obligation based on place of residence across the country. It s customized for each state, including the District of Columbia and Puerto Rico, and has more than 20 of the most widely levied taxes.

Taxpayers can access the calculator at totaltaxinsights.org and enter minimal information to get started. The calculator then delivers a comprehensive view of one s estimated annual tax obligation and a number of key insights, including increased awareness of the need for financial planning. The Total Tax Insights calculator provides an approximation not an exact amount of what users pay in taxes. It is not a tax preparation tool or a substitute for the expert tax and financial advice of a CPA.

The AICPA is a longtime advocate of sound tax policy, transparency and simplification, and believes that every citizen should know that a tax exists and how and when it is imposed. As part of this goal, the Total Tax Insights calculator was developed to help taxpayers better understand their tax responsibilities and enhance their financial well-being.