For the tax rates in Puerto Rico, please right click here and select "Save As" or view the table directly below.
| 2011
Tax Rates - Single Taxpayers - Personal Exemption $3,500 |
| |
|
| 0% |
0 to $5,000 |
| 7% |
$5,001 to $22,000 |
| 14% |
$22,001 to $40,000 |
| 25% |
$40,001 to $60,000 |
| 33% |
Over $60,000 |
| |
|
| 2011 Tax Rates - Married
Jointly & Surviving Spouses - Personal Exemption $7,000 |
| 0% |
0 to $5,000 |
| 7% |
$5,001 to $22,000 |
| 14% |
$22,001 to $40,000 |
| 25% |
$40,001 to $60,000 |
| 33% |
Over $60,000 |
| |
|
| 2011 Tax Rates - Married
Filing Separately - Personal Exemption $3,500 |
| 0% |
0 to $5,000 |
| 7% |
$5,001 to $22,000 |
| 14% |
$22,001 to $40,000 |
| 25% |
$40,001 to $60,000 |
| 33% |
Over $60,000 |
| |
|
| 2011 Tax Rates - Estates &
Trusts |
| 0% |
0 to $5,000 |
| 7% |
$5,001 to $22,000 |
| 14% |
$22,001 to $40,000 |
| 25% |
$40,001 to $60,000 |
| 33% |
Over $60,000 |
| |
|
| Social Security |
2011
Tax Rates |
| Social Security Tax Rate: Employers |
6.20% |
| Social Security Tax Rate: Employees |
4.20% |
| Social Security Tax Rate: Self-Employed |
10.40% |
| Maximum Taxable Earnings |
$106,800 |
| Medicare Base Salary |
Unlimited |
| Medicare Tax Rate: Employers |
1.45% |
| Medicare
Tax Rate: Employees |
1.45% |
| Medicare Tax Rate: Self-Employed |
2.90% |
|
|
| Miscellaneous |
2011 Tax Rates |
| Personal Exemption |
$3,700 |
| Business expensing deduction: New Equipment |
$2,000,000 |
| Business expensing deduction: Used Equipment and Software |
$500,000 |
| Prior-year safe harbor for estimated taxes of higher-income |
110%
of your 2010 tax liability |
| Standard mileage rate for business driving |
51
cents |
| Standard mileage rate for medical/moving driving |
19
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 |
$5,000,000 |
| 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 |
| Landa Umpierre PSC |
|
|
