2015 Tax Rates Schedule X – Single |
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If taxable income is over |
But not over |
The tax is |
|---|---|---|
| $0 | $9,225 | 10% of the taxable amount |
| $9,225 | $37,450 | $922.50 plus 15% of the excess over $9,225 |
| $37,450 | $90,750 | $5,156.25 plus 25% of the excess over $37,450 |
| $90,750 | $189,300 | $18,481.25 plus 28% of the excess over $90,750 |
| $189,300 | $411,500 | $46,075.25 plus 33% of the excess over $189,300 |
| $411,500 | $413,200 | $119,401.25 plus 35% of the excess over $411,500 |
| Over $413,200 | no limit | $119,996.25 plus 39.6% of the excess over $413,200 |
2015 Tax Rates Schedule Y-1 – Married Filing Jointly or Qualifying Widow(er) |
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If taxable income is over |
But not over |
The tax is |
|---|---|---|
| $0 | $18,450 | 10% of the taxable amount |
| $18,450 | $74,900 | $1,845 plus 15% of the excess over $18,450 |
| $74,900 | $151,200 | $10,312.50 plus 25% of the excess over $74,900 |
| $151,200 | $230,450 | $29,387.50 plus 28% of the excess over $151,200 |
| $230,450 | $411,500 | $51,577.50 plus 33% of the excess over $230,450 |
| $411,500 | $464,850 | $111,324 plus 35% of the excess over $411,500 |
| $464,850 | no limit | $129,996.50 plus 39.6% of the excess over $464,850 |
2015 Tax Rates Schedule Y-2 – Married Filing Separately |
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If taxable income is over |
But not over |
The tax is |
| $0 | $9,225 | 10% of the taxable amount |
| $9,225 | $37,450 | $922.50 plus 15% of the excess over $9,225 |
| $37,450 | $75,600 | $5,156.25 plus 25% of the excess over $37,450 |
| $75,600 | $115,225 | $14,693.75 plus 28% of the excess over $75,600 |
| $115,225 | $205,750 | $25,788.75 plus 33% of the excess over $115,225 |
| $205,750 | $232,425 | $55,662 plus 35% of the excess over $205,750 |
| Over $232,425 | no limit | $64,998.25 plus 39.6% of the excess over $232,425 |
2015 Tax Rates Schedule Z – Head of Household |
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If taxable income is over |
But not over |
The tax is |
| $0 | $13,150 | 10% of the taxable amount |
| $13,150 | $50,200 | $1,315 plus 15% of the excess over $13,150 |
| $50,200 | $129,600 | $6,872.50 plus 25% of the excess over $50,200 |
| $129,600 | $209,850 | $26,722.50 plus 28% of the excess over $129,600 |
| $209,850 | $411,500 | $49,192.50 plus 33% of the excess over $209,850 |
| $411,500 | $439,000 | $115,737 plus 35% of the excess over $411,500 |
| $439,000 | no limit | $125,362 plus 39.6% of the excess over $439,000 |
2015 Tax Rates Estates & Trusts |
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If taxable income is over |
But not over |
The tax is |
| $0 | $2,500 | 15% of the taxable income |
| $2,500 | $5,900 | $375 plus 25% of the excess over $2,500 |
| $5,900 | $9,050 | $1,225 plus 28% of the excess over $5,900 |
| $9,050 | $12,300 | $2,107 plus 33% of the excess over $9,050 |
| $12,300 | no limit | $3,179.50 plus 39.6% of the excess over $12,300 |
Social Security 2015 Tax Rates |
|
| Base Salary | $118,500 |
| Social Security Tax Rate | 6.2% |
| Maximum Social Security Tax | $7,347.00 |
| Medicare Base Salary | unlimited |
| Medicare Tax Rate | 1.45% |
Additional Medicare 2015 Tax Rates |
|
| Additional Medicare Tax | 0.9% |
| Filing status | Compensation over |
| Married filing jointly | $250,000 |
| Married filing separate | $125,000 |
| Single | $200,000 |
| Head of household (with qualifying person) | $200,000 |
| Qualifying widow(er) with dependent child | $200,000 |
Education 2015 Credit and Deduction Limits |
|
| American Opportunity Tax Credit | $2,500 |
| Lifetime Learning Credit | $2,000 |
| Student Loan Interest Deduction | $2,500 |
| Coverdell Education Savings Contribution | $2,000 |
Miscellaneous 2015 Tax Rates |
|
| Personal Exemption (Adjusted Gross Income below $154,950) | $4,000 |
| Business Equipment Expense Deduction | $500,000 |
| Prior-year safe harbor for estimated taxes of higher-income | 110% of your 2014 tax liability |
| Standard mileage rate for business driving | 57.5 cents |
| Standard mileage rate for medical/moving driving | 23.0 cents |
| Standard mileage rate for charitable driving | 14 cents |
| Child Tax Credit | $1,000 per qualifying child |
| Unearned income maximum for children before kiddie tax applies | $1,050 |
| Maximum capital gains tax rate for taxpayers in the 10% or 15% bracket | 0% |
| Maximum capital gains tax rate for taxpayers in the 25%, 28%, 33%, or 35% 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 and qualified small business stock | 28% |
| Maximum employee contribution to SIMPLE IRA | $12,500 if under age 50 $15,500 if 50 or older |
| Maximum Contribution to SEP IRA | 25% of compensation up to $53,000 |
| 401(k) maximum employee contribution limit | $18,000 if under age 50 $24,000 if 50 or older |
| Self-employed health insurance deduction | 100% |
| Estate tax exemption | $5,430,000 |
| Annual Exclusion for Gifts | $14,000 |