Where Your Tax Money Really Goes

Don't file that copy of your W2 yet; you'll need those numbers to calculate your Tax Receipt.

It's a quick way to find out just how much you personally are paying for each part of the federal budget.

Have you ever wondered how much of your own tax dollars actually go to support foreign aid? To support education? Well, now you can find out – and you might be surprised.

In his State of the Union Address, President Obama promised that this year, for the first time, American taxpayers would be able to go online and see exactly how their federal tax dollars are spent.

So today, we’re announcing the first-ever federal taxpayer receipt.

Just enter a few pieces of information about your taxes, and the taxpayer receipt will give you a breakdown of how your tax dollars are spent on priorities like education, veteran’s benefits, or health care.

Click here to calculate your receipt.