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.