Tax Calculators
Use these calculators to help with your financial planning. Then contact us for a more precise understanding of your situation.
Self employment tax calculator
TAX BRACKETS/RATES SCHEDULE
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| 10% | 0 to $8,500 | ||
| 15% | $8,501 to $34,500 | ||
| 25% | $34,501 to $83,600 | ||
| 28% | $83,601 to $174,400 | ||
| 33% | $174,401 to $379,150 | ||
| 35% | Over $379,150 | ||
| 2011 Tax RatesStandard Deduction $11,600 - Married Jointly & Surviving Spouses - | |||
| 10% | 0 to $17,000 | ||
| 15% | $17,501 to $69,000 | ||
| 25% | $69,001 to $139,350 | ||
| 28% | $139,351 to $212,300 | ||
| 33% | $212,301 to $379,150 | ||
| 35% | Over $379,150 | ||
| 2011 Tax RatesStandard Deduction $5,800 - Married Filing Separately - | |||
| 10% | 0 to $8,500 | ||
| 15% | $8,501 to $34,500 | ||
| 25% | $34,501 to $69,675 | ||
| 28% | $69,676 to $106,150 | ||
| 33% | $106,151 to $189,575 | ||
| 35% | Over $189,575 | ||
| 2011 Tax RatesStandard Deduction $8,500 - Head of Household - | |||
| 10% | 1 to $12,150 | ||
| 15% | $12,151 to $46,250 | ||
| 25% | $46,251 to $119,400 | ||
| 28% | $119,401 to $193,350 | ||
| 33% | $193,351 to $379,150 | ||
| 35% | Over $379,150 | ||
| Social Security | 2011 Tax Rates |
| Base Salary | $106,800 |
| Social Security Tax Rate | 4.2% for employees, 6.2% for employers |
| Maximum Social Security Tax | $4,485.60 |
| Medicare Base Salary | Unlimited |
| Medicare Tax Rate | 1.45% |
| Miscellaneous | 2011 Tax Rates |
| Personal Exemption | $3,700 |
| Business equipment expensing deduction | $250,000 |
| Prior-year safe harbor for estimated taxes of higher-income | 110% of your 2010 tax liability |
| Standard mileage rate for business driving | 1/1 - 6/30/11 - 51 cents / 7/1 - 12/31/11 - 55 cents |
| Standard mileage rate for medical/moving driving | 1/1 - 6/30/11 - 19 cents / 7/1 - 12/31/11 - 23.5 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 | $2,500 |
| Lifetime Learning Credit | $2,000 |
| Student Loan Interest Deduction | $2,500 |
| Coverdell Education Savings Contribution | $2,000 |
What tax credits apply to you? Schedule a free phone consultation to find out!
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