Archive for March, 2011

2011 Head of Household Filing Status

Wednesday, March 23rd, 2011

Taxable Income Tax $0 – $12,150 10% of taxable income $12,150 – $46,250 $1,215 plus 15% of excess over $12,150 $46,250 – $119,400 $6,330 plus 25% of excess over $46,250 $119,400 – $193,350 $24,617.50 plus 28% of excess over $119,400 $193,350 – $379,150 $45,323.50 plus 33% of excess over $193,350 $379,150+ $106,637.50 plus 35% of […]

2011 Married and Surviving Spouses Filing Status

Wednesday, March 23rd, 2011

Taxable Income Tax $0 – $17,000 10% of taxable income $17,000 – $69,000 $1,700 plus 15% of excess over $17,000 $69,000 – $139,350 $9,500 plus 25% of excess over $69,000 $139,350 – $212,300 $27,087.50 plus 28% of excess over $139,350 $212,300 – $379,150 $47,513.50 plus 33% of excess over $212,300 $379,150+ $102,574 plus 35% of […]

2011 Single Filing Status

Wednesday, March 23rd, 2011

Taxable Income Tax $0 – $8,500 10% of taxable income $8,500 – $34,500 $850 plus 15% of excess over $8,500 $34,500 – $83,600 $4,750 plus 25% of excess over $34,500 $83,600 – $174,400 $17,025 plus 28% of excess over $83,600 $174,400 – $379,150 $42,449 plus 33% of excess over $174,400 $379,150+ $110,016.50 plus 35% of […]

2011 IRS Tax Brackets

Wednesday, March 23rd, 2011

Tax Bracket Single Married Filing Jointly Head of Household 10% Bracket $0 – $8,500 $0 – $17,000 $0 – $12,150 15% Bracket $8,500 – $34,500 $17,000 – $69,000 $12,150 – $46,250 25% Bracket $34,500 – $83,600 $69,000 – $139,350 $46,250 – $119,400 28% Bracket $83,600 – $174,400 $139,350 – $212,300 $119,400 – $193,350 33% Bracket […]

2011 Married Filing Separately Filing Status

Wednesday, March 23rd, 2011

Taxable Income Tax $0 – $8,500 10% of taxable income $8,500 – $34,500 $850 plus 15% of excess over $8,500 $34,500 – $69,675 $4,750 plus 25% of excess over $34,500 $69,675 – $106,150 $13,543.75 plus 28% of excess over $69,675 $106,150 – $189,575 $23,756.75 plus 33% of excess over $106,150 $189,575+ $51,287 plus 35% of […]

2011 Tax Tables – IT-203 Filers

Tuesday, March 22nd, 2011

New York State Tax NYS adjusted gross income is $100,000 or LESS AND NYS taxable income is LESS than $65,000 NYS tax table AND NYS taxable income is $65,000 or MORE NYS tax rate schedule NYS adjusted gross income is MORE than $100,000 Use the NYS tax computation New York City or Yonkers Subject to […]

2011 Tax Tables – IT-201 Filers

Tuesday, March 22nd, 2011

New York State Tax NYS adjusted gross income is $100,000 or LESS AND NYS taxable income is LESS than $65,000 NYS tax table AND NYS taxable income is $65,000 or MORE NYS tax rate schedule NYS adjusted gross income is MORE than $100,000 Use the NYS tax computation New York City Resident Tax NYS taxable […]

2011 Social Security and Medicare Tax

Tuesday, March 22nd, 2011

These changes went into effect January 1, 2011: – The employee tax rate for social security is 4.2%. – The employer tax rate for social security remains un-changed at 6.2%. – The 2011 social security wage base limit is $106,800. – In 2011, the Medicare tax rate is 1.45% each for employers and employees, unchanged […]

The IRS Never Emails

Monday, March 21st, 2011

To Our Valued Clients, As you know, IRS email scams exist throughout the year. However, during tax season, consumers are more heavily targeted. Do not open or reply to these emails and definitely do not click any links, no matter how legitimate the website or email looks. The IRS never sends emails. All correspondence is […]

NYS Tax Department no longer mailing annual sales tax forms

Tuesday, March 1st, 2011

Since March 22, 2010, the New York State Tax Department http://www.nystax.gov/ no longer automatically mails Form ST-101 (New York State and Local Annual Sales and Use Tax Return). In order to file and pay tax due returns, you can access the NYS Online Tax Center. This online service is quick, free, secure, saves paper, and […]