Gossip Teen

Taylor Swift already knows she’s walking away with at least one award from this year’s Teen Choice Awards.

The 22 year-old will be the recipient of the 2011 Ultimate Choice Award which honors those who’ve made “extraordinary contributions to the entertainment industry.”

Swift now counts herself among celebrities like Justin Timberlake, Reese Witherspoon and Britney Spears who’ve taken the trophy home.

The 2011 Teen Choice Awards will be hosted by The Big Bang Theory‘s Kaley Cuoco and take place Sunday, August 7th.

Selena Gomez and the Scene and One Republic are scheduled to perform. Paul Wesley, Justin Bieber, Katerina Graham, Chris Hemsworth, Cameron Diaz and Victoria Justice are also tapped for the ceremony.