2011
Minimum Filing Requirements
and Exemption/Deduction Amounts*
Filing Status | Under 65 | Over 65 | Standard Deduction | Exemption | Over 65 or Blind Additional |
Single | $ 9,500 | $ 10,950 | $5,800 | $3,700 | $ 1,450 |
Head Of Household | $12,200 | $13,650 | $8,400 | $3,700 | $1,450 |
Married Filing Jointly | $19,000 | $21,300 | $11,600 | $3,700 | $1,150 |
Married Filing Separately | $9,350 | $9,500 | $5,800 | $3,700 | $1,150 |
Qualified Widow(er) | $15,300 | $16,450 | $11,600 | $3,700 | $1,150 |
note:* certain personal tax situations may alter amounts shown
Other Helpful 2011 Information
Earnings Ceiling for Social Security for 2011 * Under Full Retirement Age * At Full Retirement Age * Over Full Retirement Age | $14,160 $37,680 $Unlimited |
Self-Employed Insurance Deduction | 100% |
Earned Income Credit Maximum | No Child $ 464 (1) Child $3,094 ( 2) or more $5,112 ( 3) or more $5,751 |
Education Credits | Hope Credit Maximum $2,500, Lifetime Credit maximum $2,000, College Tuition & Fees Deduction $4,000 Maximum |
Child Tax Credit Maximum | $1,000 |
Standard Business Auto Rate Avg. Charitable Rate Medical / Moving Rate Avg. | Jan 1 - Jun 30 0.51 0.14 0.19 Jul 1 - Dec 31 0.56 0.14 0.24 |
Child's Unearned Income Limit | $1,900 |
Estate Tax Exclusion | $5,000,000 |
Gift Limit | $13,000 |
Adoption Credit | $13,600 |
IRA/Roth over 50 Limit | $6,000 |
Qualified Tuition Plan Gift Contribution Limit | $13,000 |
Retirement Contributions 2011 | under age 50 over age 50 Traditional IRA/Roth $ 5,000 $ 6,000 401-K & 403-B Plans $16,500 $22,000 Simple IRA Plans $ 11,500 $ 14,000 SEP Plans 25% of earned maximum compensation limit of $49,000 |
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