Fast tax facts 2011: the online version of fast tax facts wilt be updated for tax law changes.

• Position: AS OF OCT, 15.2011

2011 2011 Federal California Standard Deductions Single $5.800 $3,769 Married Filing jointly, Surviving Spouse 11.600 7.538 Married Filing Separately 5,800 3.769 Head of Household 8,500 7.538 Additional for Age 65 and Older 1,150 or Blind Married Additional for Age 65 and Older 1,450 or Blind - Unmarried (per individual for each situation, age or blind) Taxpayer Claimed as a Dependent 950 950 Personal or Dependent Exemption 3.700 (Social Security Number required: California Exemption Credits Single, Married Filing Separately, Head $102 of Household Married Filing Jointly; Surviving Spouse 204 Dependent 315 Blind or Age 65 and Older 102 Senior Head of Household Credit 2% of California taxable income. maximum California AG I of $65,153 with maximum credit, of $1,228 Joint Custody Head of Household Credit and Dependent Parent Credit Each is 30% of net tax with maximum $401 credit of Child and Dependent Care Credit Percentage of federal credit for California AG I limits SO 40,000 50% 40,001 70,000 43% 70,001-100,000 34% 100,001 or more 0% California Renter's Credit Married Filing Jointly, Head of Household Surviving Spouse if AG I is below $120 171,318 Single or Married Filing Separately 60 if AGI is below $35,659 IRC Section 179 Deduction $500,000 $25,000 Sec. 179 Purchase Phaseout $2,000,000 $200,000 Sec. 179 Deduction Allowed on $250,000 N/A Qualified Real Property Beginning of Personal Exemption Phaseout Range--Based on Federal AGI Single none $166,565 Married Filing Jointly; Surviving Spouse none 333,134 Married Filing Separately none 166,565 Head of Household none 249,852 Beginning: of Itemized Deduction ] Phaseout Range--Based on Federal AGI Single none $166,565 Married Filing Jointly; Surviving Spouse none 323,134 Married Filing Separately none 166,565 Head of Household none 249,852 Rate Reduced over federal AGI limits N/A 6% Schedule A Medical Deduction Based on federal AGI 7.5% 7.5% Schedule A Miscellaneous Deduction Based on federal AGI 2% 2% Alternative Minimum Tax (AMT) Rate AMTI Less Exemption up to $175,000 26% AM'FI Less Exemption over $ 175,000 28% (187,500 if Married Filing Separately) AMTI Less Exemption 7.00% AMT Exemption Amounts Married Filing Jointly; Surviving Spouse $74,450 $81,673 Single, Head of Household 48,450 61,256 Married Filing Separately 37,225 40,836 Estate or Trust 22,500 40,836 AMT Exemption Phaseout Amounts Married Filing Jointly, Surviving Spouse $150,000 $306,276 Single, Head of Household 112,500 229,708...