2011 Tax Rates Schedule X - Single |
||
If taxable income is over |
But not over |
The tax is |
$0 |
$8,500 |
10% of the taxable amount |
$8,500 |
$34,500 |
$850 plus 15% of the amount over $8,500 |
$34,500 |
$83,600 |
$4,750 plus 25% of the amount over $34,500 |
$83,600 |
$174,400 |
$17,025.25 plus 28% of the amount over $83,600 |
$174,400 |
$379,150 |
$42,449 plus 33% of the amount over $174,400 |
$379,150 |
no limit |
$110,016.50 plus 35% of the amount over $379,150 |
2011 Tax Rates Schedule Y-1 - Married Filing Jointly or Qualifying Widow(er) |
||
If taxable income is over |
But not over |
The tax is |
$0 |
$17,000 |
10% of the taxable amount |
$17,000 |
$69,000 |
$1,700 plus 15% of the amount over $17,000 |
$69,000 |
$139,350 |
$9,500 plus 25% of the amount over $69,000 |
$139,350 |
$212,300 |
$27,087.50 plus 28% of the amount over $139,350 |
$212,300 |
$379,150 |
$47,513.50 plus 33% of the amount over $212,300 |
$379,150 |
no limit |
$102,574 plus 35% of the amount over $379,150 |
2011 Tax Rates Schedule Y-2 - Married Filing Separately |
||
If taxable income is over |
But not over |
The tax is |
$0 |
$8,500 |
10% of the taxable amount |
$8,500 |
$34,500 |
$850 plus 15% of the amount over $8,500 |
$34,500 |
$69,675 | $4,750 plus 25% of the amount over $34,500 |
$69,675 |
$106,150 |
$13,543.75 plus 28% of the amount over $69,675 |
$106,150 |
$189,575 |
$23,756.75 plus 33% of the amount over $106,150 |
$189,575 |
no limit |
$51,287 plus 35% of the amount over $189,575 |
2011 Tax Rates Schedule Z - Head of Household |
||
If taxable income is over |
But not over |
The tax is |
$0 |
$12,150 |
10% of the taxable amount |
$12,150 |
$46,250 |
$1,215 plus 15% of the amount over $12,150 |
$46,250 |
$119,400 |
$6,330 plus 25% of the amount over $46,250 |
$119,400 |
$193,350 |
$24,617.50 plus 28% of the amount over $119,400 |
$193,350 |
$379,150 |
$45,323.50 plus 33% of the amount over $193,350 |
$379,150 |
no limit |
$106,637.50 plus 35% of the amount over $379,150 |
2011 Tax Rates Estates & Trusts |
||
If taxable income is over |
But not over |
The tax is |
$0 |
$2,300 |
15% |
$2,300 |
$5,450 |
$345 plus 25% of the amount over $2,300 |
$5,450 |
$8,300 |
$1,132.50 plus 28% of the amount over $5,450 |
$8,300 |
$11,350 |
$1,930.50 plus 33% of the amount over $8,300 |
$11,350 |
no limit |
$2,937 plus 35% of the amount over $11,350 |
Social Security 2011 Tax Rates |
|
Base Salary |
$106,800 |
Social Security Tax Rate |
4.2% |
Maximum Social Security Tax |
$4,485.60 |
Medicare Base Salary |
Unlimited |
Medicare Tax Rate |
1.45% |
Education 2011 Tax Rates |
|
American Opportunity Tax Credit |
$2,500 |
Lifetime Learning Credit |
$2,000 |
Student Loan Interest Deduction |
$2,500 |
Coverdell Education Savings Contribution |
$2,000 |
Miscellaneous 2011 Tax Rates |
|
Personal Exemption |
$3,700 |
Business Equipment Expense Deduction (Used) |
$500,000 |
Business Equipment Expense Deduction (New) |
$2,000,000 |
Prior-year safe harbor for estimated taxes of higher-income |
110% of your 2010 tax liability |
Standard mileage rate for business driving |
Before July 1st: 51 cents |
Standard mileage rate for medical/moving driving |
Before July 1st: 19 cents |
Standard mileage rate for charitable driving |
14 cents |
Child Tax Credit |
$1,000 |
Unearned income maximum for children 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 |
Maximum employee contribution to SIMPLE IRA |
$11,500 if under age 50 |
Maximum Contribution to SEP IRA |
25% of compensation up to $49,000 |
401(k) maximum employee contribution limit |
$16,500 if under age 50 |
Self-employed health insurance deduction |
100% |
Estate tax exemption |
$5,000,000 |
Annual Exclusion for Gifts |
$13,000 |