Ocean Mist

Posted by Tax Consultants

Individual tax rates

 Federal individual tax rates and brackets for 2011 (January 2011)

The indexing factor for federal tax credits and brackets for 2011 is 1.4%. Consequently, the following federal tax rates and brackets will be in effect for individuals for the 2011 tax year:

 Income level                           Federal tax rate

 $10,527- $41,544                         15.0%

$40,545 – $83,088                        22.0%

$83,089 – $128,800                      26.0%

Above $128,800                           29.0%

 There is no change in federal individual tax rates for 2011.