2015 INCOME TAX RATES & INFORMATION
Marginal Ordinary Income Tax Rates
Single
| Rate |
From |
To |
| 10% |
0 |
9,225 |
| 15% |
9,226 |
37,450 |
| 25% |
37,451 |
90,750 |
| 28% |
90,751 |
189,300 |
| 33% |
189,301 |
411,500 |
| 35% |
411,501 |
413,200 |
| 39.6% |
413,201 |
|
|
Head of Household
| Rate |
From |
To |
| 10% |
0 |
13,150 |
| 15% |
13,151 |
50,200 |
| 25% |
50,201 |
129,600 |
| 28% |
129,601 |
209,850 |
| 33% |
209,851 |
411,500 |
| 35% |
411,501 |
439,000 |
| 39.6% |
439,001 |
|
|
Married Filing Jointly *
| Rate |
From |
To |
| 10% |
0 |
18,450 |
| 15% |
18,451 |
74,900 |
| 25% |
74,901 |
151,200 |
| 28% |
151,201 |
230,450 |
| 33% |
230,451 |
411,500 |
| 35% |
411,501 |
464,850 |
| 39.6% |
464,851 |
|
|
Married Filing Separately
| Rate |
From |
To |
| 10% |
0 |
9,225 |
| 15% |
9,226 |
37,450 |
| 25% |
37,451 |
75,600 |
| 28% |
75,601 |
115,225 |
| 33% |
115,226 |
205,750 |
| 35% |
205,751 |
232,425 |
| 39.6% |
232,426 |
|
|
* Including Qualifying Widow(er)
Standard Deduction
| Filing Status |
Amount |
| Single |
$6,300 |
| Head of Household |
$9,250 |
| Married Filing Joint/Qualifying Widow(er) |
$12,600 |
| Married Filing Separately |
$6,300 |
| |
|
| Additional Standard Deduction if Blind or
Age 65+ |
|
| Single |
$1,550 |
| Head of Household |
$1,550 |
| Married Filing Joint/Qualifying Widow(er) |
$1,200 |
| Married Filing Separately |
$1,200 |
| |
|
| Standard Deduction for Dependents |
|
| Regular amount |
$1,050 |
| Maximum amount is earned income plus $350 up to
allowed standard deduction based on filing status |
|
Personal Exemptions
For 2015, the personal exemption is $4,000. Note: If someone else can claim you as a dependent,
then you cannot claim your own personal exemption.
Phaseout of Personal Exemptions for 2015
| Filing Status |
Phaseout Begins |
Phaseout Ends |
| Married Filing Jointly |
309,900 |
432,400 |
| Qualifying Widow(er) |
309,900 |
432,400 |
| Head of Household |
284,050 |
406,550 |
| Single |
258,250 |
380,750 |
| Married Filing Separately |
154,950 |
216,200 |
Capital Gains - Long Term and Short Term
| Type of Asset |
Short-Term Tax Rate |
Long-Term Tax Rate |
Unearned Medicare Contribution Surtax |
| Collectibles |
Ordinary Tax
Rates |
28% |
Potential 3.8% |
| Depreciation
Recapture |
Ordinary Tax
Rates |
25% |
Potential 3.8% |
| Qualified Small
Bus Stock |
Ordinary Tax
Rates |
28% after
exclusion |
Potential 3.8% |
| Other Capital
Assets |
Ordinary Tax
Rates |
0%, 15%, or 20% |
Potential 3.8% |
| |
10% |
0% |
|
| |
15% |
0% |
|
| |
25% |
15% |
|
| |
28% |
15% |
|
| |
33% |
15% |
Potential 3.8% |
| |
35% |
15% |
Potential 3.8% |
| |
39.6% |
20% |
Potential 3.8% |
If you need tax assistance for your 1040 individual income tax return or your corporate 1120,
S-Corp 1120S, or partnership 1065 tax returns, give Jeff Jackson CPA a call at
(678) 919-1250 to schedule an appointment. You can also submit your information via the
Contact Us form and someone will call you shortly.
Jeffrey L. Jackson, CPA LLC
