Frank DiPaola, EA

Frank DiPaola, EA
Tax Accountant
 Tax Form Processing LLC 
FOR THE TAXPAYERSM
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What's NEW for Tax Year 2011?
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Regular Income Tax Rate Schedule for Tax Year 2011
 
Single
If taxable income is between:
$1

to

 $8,500

X

 10%

minus

 $0.00 = Tax
$8,501

to

 $34,500

X

 15%

minus

 $425.00 = Tax
$34,501

to

 $83,600

X

 25% minus $3,875.00 = Tax
$83,601 to $174,400 X 28% minus $6,383.00 = Tax
$174,401 to $379,150 X 33% minus $15,103.00 = Tax
$379,151 to ............. X 35%  minus $22,686.00 = Tax
Head of Household
If taxable income is between:
$1

to

 $12,150

X

 10%

minus

 $0.00 = Tax
$12,151

to

 $46,250

X

 15%

minus

 $607.50 = Tax
$46,251

to

 $119,400

X

 25% minus $5,232.50 = Tax
$119,401 to $193,350 X 28% minus $8,814.50 = Tax
$193,351 to $379,150 X 33% minus $18,482.00 = Tax
$379,151 to ............. X 35%  minus $26,065.00 = Tax

Married Filing Jointly or Qualifying Widow(er)
If taxable income is between:
$1

to

 $17,000

X

 10%

minus

 $0.00 = Tax
$17,001

to

 $69,000

X

 15%

minus

 $850.00 = Tax
$69,001

to

 $139,350

X

 25% minus $7,750.00 = Tax
$139,351 to $212,300 X 28% minus $11,930.50 = Tax
$212,301 to $379,150 X 33% minus $22,545.50 = Tax
$379,151 to ............. X 35%  minus $30,128.50 = Tax

Married Filing Separately
If taxable income is between:
$1

to

 $8,500

X

 10%

minus

 $0.00 = Tax
$8,501

to

 $34,500

X

 15%

minus

 $425.00 = Tax
$34,501

to

 $69,675

X

 25% minus $3,875.00 = Tax
$69,676 to $106,150 X 28% minus $5,965.25 = Tax
$106,151 to $189,575 X 33% minus $11,272.75 = Tax
$189,576 to ............. X 35%  minus $15,064.25 = Tax
Example Tax Calculation
Joe is a SINGLE taxpayer and has taxable income in the amount of $43,500. What is his regular Federal income tax?

Using the 2011 regular income tax rate schedule above:

$43,500 X 25% = $10,875 - $3,875 = $7,000

CAUTION

 The IRS tax tables MUST be used for taxable income LESS THAN $100,000.

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Last Revised December 31, 2011