2011 Key Amounts

Standard Deduction:

MFJ or QW $11,600

Single $5,800

HOH  $8,500

MFS  $5,800

Dependent  $950

Personal Exemption  $3,700

Earned Income Credit(Maximum):

No children  $464

1 child  $3,094

2 children  $5,112

> 2 Children  $5,751

Investment income limit $3,150

Kiddie tax threshold  $1,900

AMT Exemption:

MFJ or QW  $74,450

Single or HOH  $48,450

MFS  $37,225

Elective Deferral Limits:

SIMPLE IRA <age 50 $11,500  >age 50  $14,000

401(k) <age 50  $16,500  >age 50  $22,000

Standard Mileage Rates:

Business 1/1 – 6/30  $0.51  7/1 – 12/31  $0.55.5

Medical/moving  1/1 – 6/30  $0.19  7/1 – 12/31  $0.23.5

Charitable  1/1 – 6/30  $0.14  7/1 – 12/31  $0.14

Section 179 Deduction Limits

Overall  $500,000

SUV (Per Vehicle)  $25,000

Qualified real property  $250,000