|
|
2011 TAX RATES
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 | | 2011 Tax Rates - Married Jointly & Surviving Spouses - Standard 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 $11,200 | | 35% | Over $11,200 |
| Social Security | 2011 Tax Rates | | Base Salary | $106,800 | | 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 expense deduction | $500,000 | | 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 | | 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 |
|
|