2015 tax rates
| Table 1 – Section 1(a) Married Filing Jointly and Surviving Spouse | ||
|---|---|---|
| If taxable income is over – | But Not Over – | The Tax is: |
| $0 | $18,450 | 10% of the taxable amount |
| $18,451 | $74,900 | $1,845 plus 15% of the amount over $18,450 |
| $74,901 | $151,200 | $10,312.50 plus 25% of the amount over $74,900 |
| $151,201 | $230,450 | $29,387.50 plus 28% of the amount over $151,200 |
| $230,451 | $411,500 | $51,577.50 plus 33% of the amount over $230,451 |
| $411,501 | $464,850 | $111,324 plus 35% of the amount over $411,500 |
| $464,851 | no limit | $129,996.50 plus 39.6% of the amount over $464,850 |
| Table 2 – Section 1(b) – Head of Household | ||
|---|---|---|
| If taxable income is over – | But Not Over – | The Tax is: |
| $0 | $13,150 | 10% of the taxable amount |
| $13,151 | $50,200 | $1,315 plus 15% of the amount over $13,150 |
| $50,201 | $129,600 | $6,872.50 plus 25% of the amount over $50,200 |
| $129,601 | $209,850 | $26,722.50 plus 28% of the amount over $129,600 |
| $209,851 | $411,500 | $49,192 plus 33% of the amount over $209,850 |
| $411,501 | $439,000 | $115,737 plus 35% of the amount over $411,500 |
| $439,001 | no limit | $125,362 plus 39.6% of the amount over $439,000 |
| Table 3 – Section 1(c) – Unmarried Individuals (other than Surviving Spouses and Heads of Household) | ||
|---|---|---|
| If taxable income is over – | But Not Over – | The Tax is: |
| $0 | $9,225 | 10% of the taxable amount |
| $9,226 | $37,450 | $922.50 plus 15% of the amount over $9,225 |
| $37,451 | $90,750 | $5,156.25 plus 25% of the amount over $37,450 |
| $70,751 | $189,300 | $18,481.25 plus 28% of the amount over $90,750 |
| $189,301 | $411,500 | $46,075.25 plus 33% of the amount over $189,300 |
| $411,501 | $413,200 | $119,401.25 plus 35% of the amount over $411,500 |
| $413,201 | no limit | $118,188.75 plus 39.6% of the amount over $413,200 |
| Table 4 – Section 1(d) – Married Individuals Filing Separate Returns | ||
|---|---|---|
| If taxable income is over – | But Not Over – | The Tax is: |
| $0 | $9,225 | 10% of the taxable amount |
| $9,226 | $37,450 | $922.50 plus 15% of the amount over $9,225 |
| $37,451 | $75,600 | $5,156.25 plus 25% of the amount over $37,450 |
| $75,601 | $115,225 | $14,693.75 plus 28% of the amount over $75,600 |
| $115,226 | $205,750 | $25,788.75 plus 33% of the amount over $115,225 |
| $205,751 | $232,425 | $55,662 plus 35% of the amount over $202,550 |
| $232,426 | no limit | $64,989.25 plus 39.6% of the amount over $232,425 |
| Table 5 – Section 1(e) – Estates & Trusts | ||
|---|---|---|
| If taxable income is over – | But Not Over – | The Tax is: |
| $0 | $2,500 | 15% of the taxable amount |
| $2,501 | $5,900 | $375 plus 25% of the amount over $2,500 |
| $5,901 | $9,050 | $1,225 plus 28% of the amount over $5,900 |
| $9,050 | $12,300 | $2,107 plus 33% of the amount over $9,050 |
| $12,300 | no limit | $3,179.50 plus 39.6% of the amount over $12,300 |
| Table 6 – Education Tax Rates | ||
|---|---|---|
| Hope Scholarship Credit | $2,500 | |
| Lifetime Learning Credit | $2,000 | |
| Student Loan Interest Deduction | $2,500 | |
| Coverdell Education Savings Contribution | $2,000 | |
| Table 7 – Social Security Tax Rates and Maximum Taxable Earnings | ||
|---|---|---|
| Maximum Taxable Earnings | $117,000 | |
| Social Security Tax Rate | 6.20% | |
| $7,254 | ||
| Medicare Base Salary | Unlimited | |
| Medicare Tax Rate | 1.45% | |
| Miscellaneous Tax Rates | ||
| Child Tax Credit | $1,000 | |
| Personal Exemption | $3,900 | |
| Prior-year safe harbor for estimated taxes of higher-income | 110% of your 2013 tax liability | |
| Standard mileage rate for business driving | 56 cents | |
| Standard mileage rate for medical/moving driving | 23.5 cents | |
| Standard mileage rate for charitable driving | 14 cents | |
| Unearned income maximum for children 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 | 15% | |
| 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 | |
| $6,500 if 50 or older | ||
| Maximum employee contribution to SIMPLE IRA | $12,000 if under age 50 | |
| $14,500 if 50 or older | ||
| Maximum Contribution to SEP IRA | 25% of compensation up to $51,000 | |
| 401(k) maximum employee contribution limit | $17,500 if under age 50 | |
| $23,000 if 50 or older | ||
| Self-employed health insurance deduction | 100% | |
| Estate tax exemption | $5,340,000 | |
| Annual Exclusion for Gifts | $14,000 | |
