Other performers include the Black Eyed Peas, Maxwell and country trio Lady Antebellum. The Recording Academy said other performers will be announced later.
Beyonce, a 10-time Grammy winner, has 10 nominations, including record of the year for "Halo," album of the year for "I Am ... Sasha Fierce" and song of the year for "Single Ladies (Put a Ring on It)." Country singer Swift has eight nominations, including record and song of the year for "You Belong With Me," and album of the year for "Fearless."
A stage-crashing Kanye West (who has six Grammy nominations) interrupted Swift's acceptance speech at this year's MTV Video Music Awards to say Beyonce should have won for best female video instead. West later apologized.
Swift, 20, is no stranger to the Grammy stage. She performed a duet of her song "Fifteen" with Miley Cyrus at last year's ceremony. The two sat on stools surrounded by the audience, while Swift played guitar.
Swift may opt to do something more flashy this time around, after honing her performing skills on her first headlining tour this summer. Her "Fearless" tour sold out everywhere she went. She was the year's best-selling artist outside of Michael Jackson, and her "Fearless" CD, which is also nominated for best country album, has sold more than 4.5 million copies.
The Grammys will be presented at the Staples Center on Jan. 31. The show will air live on CBS.
By CAITLIN R. KING