The 2011 Tax Guide provides you with a summary of the 2010 Tax Relief Act, and guidelines on: Tax rates Payroll taxes Retirement Dividends and capital gains AMT Estate and gift taxes Education tax breaks

1. 2011 Tax Guide
What You Need to Know
About the New Rules
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Inform. Engage. Empower.

2. Tax Guide
2011
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This guide is not intended to be tax advice and should not be treated as such.
Each individual’s tax situation is different. You should contact your tax
professional to discuss your personal situation.

3. Tax Guide
QUICK REFERENCE
2 Introduction
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3 The 2010 Tax Relief Act: A Summary
5 Income Tax Rates
6 Dividends and Capital Gains
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8 Payroll Taxes
9 The Alternative Minimum Tax
10 IRAs and Employer-Sponsored Retirement Plans
13 Education Tax Breaks
14 Estate and Gift Taxes

4. INCOME TAX RATES
As a result of the legislation, existing rates on ordinary
income, ranging from 10% to a high of 35%, will remain in
effect through 2012. Each tax rate indicated below applies
to a tier of your income, with the lowest portion taxed at
10%, the next threshold taxed at 15% and so on. Your filing
status — single taxpayer, head of household, or married
couple filing jointly or separately — determines the income
ranges that define your tax rates.
Rates on Ordinary Income for the 2011 Tax Year*
Single or Married Filing Separately
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$0 – $8,500 $0 + 10%
$8,500 – $34,500 $850 + 15% over $8,500
$34,500 – $83,600 $4,750 + 25% over $34,500
$83,600 – $174,400 $17,025 + 28% over $83,600
$174,400 – $379,150 $42,449 + 33% over $174,400
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$379,150 and over $110,016 + 35% over $379,150
Married Filing Jointly or Qualifying Widow(er)
$0 – $17,000 $0 + 10%
$17,000 – $69,000 $1,700 + 15% over $17,000
$69,000 – $139,350 $9,500 + 25% over $69,000
$139,350 – $212,300 $27,087 + 28% over $139,350
$212,300 – $379,150 $47,513 + 33% over $212,300
$379,150 and over $102,574 + 35% over $379,150
Head of Household
$0 – $12,150 $0 + 10%
$12,150 – $46,200 $1,215 + 15% over $12,150
$46,200 – $119,400 $6,322 + 25% over $46,200
$119,400 – $193,350 $24,622 + 28% over $119,400
$193,350 – $379,150 $45,328 + 33% over $193,350
$379,150 and over $106,642 + 35% over $379,150
*Source: IRS. Bracket ranges are preliminary and subject to change.
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5. Work With a Professional
It’s important to remember that many of the provisions
of the 2010 Tax Relief Act expire at the end of 2011 or
2012, unless Congress elects to extend them. Moreover,
estate and gift tax rules are complex and warrant careful
planning. Be sure to discuss your personal situation with
your tax professional.
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© 2011 McGraw-Hill Financial Communications.
All rights reserved. Reproduction in whole or in part is prohibited without
the express permission of McGraw-Hill Financial Communications.
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