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Home > Tax Calculators & Tips > All Tax Guides > General Tax Tips > See Where Your Tax Dollars Go with Your Federal Taxpayer Receipt

See Where Your Tax Dollars Go with Your Federal Taxpayer Receipt

Updated for Tax Year: 2012
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Your Federal Taxpayer Receipt is a new tool that shows you where your tax dollars are being spent.

Interested in finding out how your hard-earned tax dollars are spent? Now taxpayers can with the new "Your Federal Taxpayer Receipt" tool that The White House launched on April 15, 2011.

Federal Taxpayer Receipt

Simply enter a few details about your taxes and you'll get a "receipt" that shows you how many of your tax dollars have been paid into various programs and services like national defense, health care, veterans' benefits, space, science and technology, and education. You can expand each of these areas to see more-detailed breakdowns by category.

It's okay if you don't have your tax information handy. The Taxpayer Receipt allows you to choose from several income levels that can estimate this information for you.

If you're interested in getting a peek into how the numbers in your receipt are calculated, a Behind the Numbers link lets you see the percentages of overall spending across federal programs and services for Fiscal Year 2011.

Try Your Federal Taxpayer Receipt now to see where your tax dollars went.

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The above article is intended to provide generalized financial information designed to educate a broad segment of the public; it does not give personalized tax, investment, legal or other business and professional advice. Before taking any action, you should always seek the assistance of a professional who knows your particular situation for advice on your taxes, your investments, the law or any other business and professional matters that affect you and/or your business.

 
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