|
|||
|
10% |
0 to $9,225 |
||
|
15% |
$9,225 to $37,450 |
||
|
25% |
$37,450 to $90,750 |
||
|
28% |
$90,750 to $189,300 |
||
|
33% |
$189,300 to $411,500 |
||
|
35% |
$411,500 to $413,200 |
||
|
39.6% |
Over $413,200 |
||
|
2015 Tax Rates - Married Jointly & Surviving Spouses -Standard |
|||
|
10% |
0 to $18,450 |
||
|
15% |
$18,450 to $74,900 |
||
|
25% |
$74,900 to $151,200 |
||
|
28% |
$151,200 to $230,450 |
||
|
33% |
$230,450 to $411,500 |
||
|
35% |
$411,500 to $464,850 |
||
|
39.6% |
Over $464,850 |
||
|
2015 Tax Rates - Married Filing Separately -Standard |
|||
|
10% |
0 to $9,225 |
||
|
15% |
$9,225 to $37,450 |
||
|
25% |
$37,450 to $75,600 |
||
|
28% |
$75,600 to $115,225 |
||
|
33% |
$115,225 to $205,750 |
||
|
35% |
$205,750 to $232,425 |
||
|
39.6% |
Over $232,425 |
||
|
2015 Tax Rates - Head of Household -Standard |
|||
|
10% |
0 to $13,150 |
||
|
15% |
$13,150 to $50,200 |
||
|
25% |
$50,200 to $129,600 |
||
|
28% |
$129,600 to $209,850 |
||
|
33% |
$209,850 to $411,500 |
||
|
35% |
$411,500 to $439,000 |
||
|
39.6% |
Over $439,000 |
||
|
2015 Tax Rates - Estates & Trusts |
|||
|
15% |
0 to $2,500 |
||
|
25% |
$2,500 to $5,900 |
||
|
28% |
$5,900 to $9,050 |
||
|
33% |
$9,050 to $12,300 |
||
|
39.6% |
Over $12,300 |
||
|
Social Security |
2015 Tax Rates |
|
Social Security Tax Rate: Employers |
6.2% |
|
Social Security Tax Rate: Employees |
6.2% |
|
Social Security Tax Rate: Self-Employed |
12.4% |
|
Maximum Taxable Earnings |
$118,500 |
|
Medicare Base Salary |
Unlimited |
|
Medicare Tax Rate |
1.45% |
|
Additional Medicare Tax for income above $200,000 (single filers) or $250,000 (joint filers) |
0.9% |
|
Medicare tax on net investment income ($200,000 single filers, $250,000 joint filers) |
3.8% |
|
Miscellaneous |
2015 Tax Rates |
| Personal Exemption | $4,000 |
|
Business expensing limit: Cap on equipment purchases |
$200,000 |
|
Business expensing limit: New and Used Equipment and Software |
$25,000 |
|
Prior-year safe harbor for estimated taxes of higher-income |
110% of your 2015 tax liability |
|
Standard mileage rate for business driving |
57.5 cents |
|
Standard mileage rate for medical/moving driving |
23 cents |
|
Standard mileage rate for charitable driving |
14 cents |
|
Child Tax Credit |
$1,000 |
|
Unearned income maximum for children under 19 before kiddie tax applies |
$1,000 |
|
Maximum capital gains tax rate for taxpayers in the 10% or 15% bracket |
0% |
|
Maximum capital gains tax rate for taxpayers above the 15% bracket but below the 39.6% bracket |
15% |
|
Maximum capital gains tax rate for taxpayers in the 39.6% bracket |
20% |
|
Capital gains tax rate for unrecaptured Sec. 1250 gains |
25% |
|
Capital gains tax rate on collectibles |
28% |
|
Maximum contribution for Traditional/Roth IRA |
$5,500 if under age 50
|
|
Maximum employee contribution to SIMPLE IRA |
$12,500 if under age 50
|
|
Maximum Contribution to SEP IRA |
25% of eligible compensation
|
|
401(k) maximum employee contribution limit |
$18,000 if under age 50
|
|
Estate tax exemption |
$5,340,000 |
|
Annual Exclusion for Gifts |
$14,000 |
|
Education |
2015 Tax Rates |
|
American Opportunity Credit (Hope) |
$2,500 |
|
Lifetime Learning Credit |
$2,000 |
|
Student Loan Interest Deduction |
$2,500 |
|
Coverdell Education Savings Contribution |
$2,000 |
|
Standard Meal Rates for Family Child Care Providers for 2015 income tax returns |
|
|
Continental U.S. |
2015 Tax Rates |
|
For each breakfast |
$1.62 |
|
For each lunch or supper |
$2.98 |
|
For each snack (up to 3 per day for each child) |
$0.82 |
|
Alaska |
2015 Tax Rates |
|
For each breakfast |
$2.59 |
|
For each lunch or supper |
$4.84 |
|
For each snack (up to 3 per day for each child) |
$1.33 |
|
Hawaii |
2015 Tax Rates |
|
For each breakfast |
$1.88 |
|
For each lunch or supper |
$3.49 |
|
For each snack (up to 3 per day for each child) |
$0.83 |