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IRA and Tax Tables

The following data is for tax year 2011 (except where noted). Bookmark this page for faster reference.

IRA Contribution Levels
Year Under age 50 Age 50+
2011 $5,000 $6,000

Roth IRA Eligibility
Year If your tax status is… …you can contribute to a Roth IRA if your
modified adjusted gross income is less than…
2011 Married, filing jointly $179,000
2011 Single $122,000

Traditional IRA Deductions

If you are covered by a retirement plan at work, use this IRS table to determine if you can deduct your 2011 Traditional IRA contribution:


If Your Filing Status Is... And Your Modified AGI Is... Then You Can Take...
Single, head of household $56,000 or less a full deduction up to the amount of your contribution limit.
more than $56,000 but less than $66,000 a partial deduction.
$66,000 or more no deduction.
Married filing jointly or qualifying widow(er) $90,000 or less a full deduction up to the amount of your contribution limit.
more than $90,000 but less than $110,000 a partial deduction.
$110,000 or more no deduction.
Married filing separately less than $10,000 a partial deduction.
$10,000 or more no deduction.
If you file separately and did not live with your spouse at any time during the year, your IRA deduction is determined under the "Single" filing status.

If you don't participate in a retirement plan at work or one isn’t offered, use this IRS table to determine if you can deduct your 2011 Traditional IRA contribution:


If Your Filing Status Is... And Your Modified AGI Is... Then You Can Take...
Single, head of household, or qualifying widow(er) any amount a full deduction up to the amount of your contribution limit.
Married filing jointly or separately with a spouse who is not covered by a plan at work any amount a full deduction up to the amount of your contribution limit.
Married filing jointly with a spouse who is covered by a plan at work $169,000 or less a full deduction up to the amount of your contribution limit.
more than $169,000 but less than $179,000 a partial deduction.
$179,000 or more no deduction.
Married filing separately with a spouse who is covered by a plan at work less than $10,000 a partial deduction.
$10,000 or more no deduction.
If you file separately and did not live with your spouse at any time during the year, your IRA deduction is determined under the "Single" filing status.

Roth IRA Conversion Eligibility
Year Eligibility
2010 Anyone Can
2011 Still Anyone Can!

SEP IRA Contribution Levels

Here’s what you can contribute to a SEP IRA:


Year Status Maximum Contribution
2011 W-2 Income Up to 25% of compensation, but no more than $49,000.
2011 Self Employed Up to 20% of compensation, but no more than $49,000.


2011 Federal Tax Brackets
Marginal Tax Rate Single Married Filing Jointly or Qualifying Widow(er) Married Filing Separately
35% $379,151 and more $379,151 and more $186,576 and more
33% $174,401 - $379,150 $212,301 - $379,150 $106,151 - $189,575
28% $83,601 - $174,400 $139,351 - $212,300 $69,676 - $106,150
25% $34,501 - $83,600 $69,001 - $139,350 $34,501 - $69,675
15% $8,501 - $34,500 $17,001 - $69,000 $8,501 - $34,500
10% $0 - $8,500 $0 - $17,000 $0 - $8,500

Federal Estate Tax Levels

At death, a surviving spouse’s estate will owe estate taxes on the net value that exceeds the annual exemption:


Year Exempt from Tax Estate-Tax Rate
2011 $5 million per person with portability Top rate of 35%

Generation-Skipping Transfer (GST) Tax

Year Exempt from tax GST tax rate
2011 Up to $5 million 35%

Annual Gift Tax Exclusion

You may give the following amount to an individual, free of gift tax:


Year Annual Exclusion
2011 $13,000

IRA Minimum Distribution Table

When owners of a Traditional IRA reach age 70 ˝, they are required to take annual minimum distributions. The amount changes each year. Simply divide your IRA’s value at the end of each year by the distribution period listed next to your age in the following IRS chart:


Uniform Lifetime Table

IRS' Joint Life Expectancy Tables

Single Life Expectancy Table for Beneficiaries

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