2011 Tax Rates
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 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% of the taxable amount
$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
After July 1st: 55.5 cents
Standard mileage rate for medical/moving driving Before July 1st: 19 cents
After July 1st: 23.5 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
$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 compensation up to $49,000
401(k) maximum employee contribution limit $16,500 if under age 50
$22,000 if 50 or older
Estate tax exemption $5,000,000
Annual Exclusion for Gifts $13,000

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