Tax Rates

2008 Rates2009 Rates 2010 Rates
2011 Tax Rates

2011 Tax Rates Schedule X - Single
If taxable income is over --
But Not Over --
The Tax is:
$0$8,50010% 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
$379,150no 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$17,00010% 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
$379,150no 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$8,50010% 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
$189,575no 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$12,15010% 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
$379,150no 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$2,30015% 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
$11,350no limit$2,937 plus 35% of the amount over $11,350

Social Security 2011 Tax Rates
Base Salary$106,800
Social Security Tax Rate4.2%
Maximum Social Security Tax$4,485.60
Medicare Base SalaryUnlimited
Medicare Tax Rate1.45%

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-income110% of your 2010 tax liability
Standard mileage rate for business drivingBefore July 1st: 51 cents
After July 1st: 55.5 cents
Standard mileage rate for medical/moving drivingBefore July 1st: 19 cents
After July 1st: 23.5 cents
Standard mileage rate for charitable driving14 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% bracket0%
Maximum capital gains tax rate for taxpayers above the 15% bracket15%
Capital gains tax rate for unrecaptured Sec. 1250 gains25%
Capital gains tax rate on collectibles28%
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 IRA25% of 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 deduction100%
Estate tax exemption$5,000,000
Annual Exclusion for Gifts$13,000
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