| 2011 Tax Rates - Single Taxpayers - Standard Deduction $5,700 | |
|---|---|
| 10% | 0 to $8,375 |
| 15% | $8,375 to $34,000 |
| 25% | $34,000 to $82,400 |
| 28% | $82,400 to $171,850 |
| 33% | $171,850 to $373,650 |
| 35% | Over $373,650 |
2011Tax Rates - Married Jointly & Surviving Spouses - Std Deduction $11,400 |
|
| 10% | 0 to $16,750 |
| 15% | $16,750 to $68,000 |
| 25% | $68,000 to $137,300 |
| 28% | $137,300 to $209,250 |
| 33% | $209,250 to $373,650 |
| 35% | Over $373,650 |
2011 Tax Rates - Married Filing Separately - Standard Deduction $5,700 |
|
| 10% | 0 to $8,375 |
| 15% | $8,375 to $34,000 |
| 25% | $34,000 to $68,650 |
| 28% | $68,650 to $104,625 |
| 33% | $104,625 to $186,825 |
| 35% | Over $186,825 |
2011 Tax Rates - Head of Household - Standard Deduction $8,400 |
|
| 10% | 0 to $11,950 |
| 15% | $11,950 to $45,550 |
| 25% | $45,550 to $117,650 |
| 28% | $117,650 to $190,550 |
| 33% | $190,550 to $373,650 |
| 35% | Over $373,650 |
2011 Tax Rates - Estates & Trusts |
|
| 15% | 0 to $2,300 |
| 25% | $2,300 to $5,350 |
| 28% | $5,350 to $8,200 |
| 33% | $8,200 to $11,150 |
| 35% | Over $11,150 |
| Social Security | 2011 Tax Rates |
|---|---|
| Base Salary | $160,800 |
| Social Security Tax Rate | 6.2% |
| Maximum Social Security Tax | $6,621.60 |
| Medicare Base Salary | Unlimited |
| Medicare Tax Rate | 1.45% |
| Miscellaneous | 2011 Tax Rates |
| Personal Exemption | $3,650 |
| Business equipment expensing deduction | $250,000 |
| Prior-year safe harbor for estimated taxes of higher-income |
110% of your 2009 tax liability |
| Standard mileage rate for business driving | 50 cents |
| Standard mileage rate for medical/moving driving | 16.5 cents |
| Standard mileage rate for charitable driving | 14 cents |
| Child Tax Credit | $1,000 |
| Unearned income maximum for children under 19 before kiddie tax applies | $950.00 |
| Maximum capital gains tax rate for taxpayers in the 10% or 15% bracket | 0% |
| Maximum capital gains tax rate for taxpayers above the 15% bracket | 15% |
| Capital gains tax rate for unrecaptured Sec. 1250 gains | 25% |
| Capital gains tax rate on collectibles | 28% |
Maximum contribution for Traditional/Roth IRA |
$5,000 if under age 50 $6,000 if 50 or older |
| Maximum employee contribution to SIMPLE IRA | $11,500 if under age 50 $14,000 if 50 or older |
Maximum Contribution to SEP IRA |
25% of eligible compensation up to $49,000 |
401(k) maximum employee contribution limit |
$16,500 if under age 50 $22,000 if 50 or older |
| Self-employed health insurance deduction | 100% |
| Estate tax exemption | Unlimited |
| Annual Exclusion for Gifts | $13,000 |
| Education | 2011 Tax Rates |
| American Opportunity Credit (Hope) | $2,500 |
| Lifetime Learning Credit | $2,000 |
| Student Loan Interest Deduction | $2,500 |
| Coverdell Education Savings Contribution | $2,000 |