Tax Rates

Identify Rates for Various Types of Income, Deductions, & Credits

2015 Tax Rates
   Filing Status:  Single
Taxable Income ($) Tax Rate (%)
0 – $ 9,225 10%
$ 9,226 – $ 37,450 15%
$ 37,451 – $ 90,750 25%
$ 90,751 – $ 189,300 28%
$ 189,301 – $ 411,500 33%
$ 411,501 – $ 413,200 35%
$ 413,201 + 39.6%
Filing Status:  Married Filing Jointly
Taxable Income ($) Tax Rate (%)
0 – $ 18,450 10%
$ 18,451 – $ 74,900 15%
$ 74,901 – $ 151,200 25%
$ 151,201 – $ 230,450 28%
$ 230,451 – $ 411,500 33%
$ 411,501 – $ 464,850 35%
$ 464,851 + 39.6%
Filing Status:  Married Filing Seperately
Taxable Income ($) Tax Rate (%)
0 – $ 9,225 10%
$ 9,226 – $ 37,450 15%
$ 37,451 – $ 75,600 25%
$ 75,601 – $ 115,225 28%
$ 115,226 – $ 205,750 33%
$ 205,751 – $ 232,425 35%
$ 232,426 + 39.6%
Filing Status:  Head of Household
Taxable Income ($) Tax Rate (%)
0 – $ 13,150 10%
$ 13,151 – $ 50,200 15%
$ 50,201 – $129,600 25%
$ 129,601 – $ 209,850 28%
$ 209,851 – $ 411,500 33%
$ 411,501 – $ 439,000 35%
$ 439,001 + 39.6%
   Estates & Trusts
Taxable Income ($) Tax Rates (%)
0 – $ 2,500 15%
$ 2,501 – $ 5,900 25%
$ 5,901 – $ 9,050 28%
$ 9,051 – $ 12,300 33%
$ 12,301 + 39.6%
   Corporations
Taxable Income ($) Tax Rates (%)
0 – $ 50,000 15%
$ 50,001 – $ 75,000 25%
$ 75,001 – $ 100,000 34%
$ 100,001 – $ 335,000 39%
$ 335,001 – $ 10,000,000 34%
$ 10,000,001 – $ 15,000,000 35%
$ 15,000,001 – $ 18,333,333 38%
   Employment Taxes
        Social Security – Employee 6.2%
        Social Security – Employer 6.2%
        Social Security – Wage Base Maximum $ 118,500
        Medicare – Employee 1.45%
        Medicare – Employer 1.45%
        Medicare  – Wage Base Maximum Unlimited
        Self-Employment Tax 15.3%
        Additional Medicare Tax for High-Income
           Taxpayers 0.9%
        Add’l Medicare Tax Income Thresholds $ 200,000 (single) & $ 250,000 (joint)
        Medicare Tax on Net Investment Income 3.8%
        Net Investment Income Thresholds $ 200,000 (single) & $ 250,000 (joint)
   Miscellaneous
     Capital Gains Tax Rates:
        Taxpayers in 10 – 15% Brackets 0%
        Taxpayers in 25 – 35% Brackets 15%
        Taxpayers in 39.6% Bracket 20%
        Unrecaptured Sec. 1250 Gains 25%
        Collectibles (Capital Gains) 28%
     Section 179 Expensing:
        Deduction Limit $ 25,000
        Purchases Limit $ 200,000
     Standard Mileage Rates:
        Business Mileage 57.5 cents
        Medical Mileage 23 cents
        Charitable Mileage 14 cents
     Estimated Tax “Safe Harbor” Requirements:
        Prior Year “AGI” > $ 150,000 110% of Prior Year Tax
        Prior Year “AGI” < $ 150,000 100% of Prior Year Tax
     Retirement Plan Contribution Limits:
        Traditional IRAs & Roth IRAs (< 50) $ 5,500
        Traditional IRAs & Roth IRAs (> 50) $ 6,500
        SIMPLE IRA – Employee (< 50) $ 12,500
        SIMPLE IRA – Employee (> 50) $ 15,500
        SEP IRA 25% of Eligible Compensation ($ 53,000 max.)
        401(k) – Employee (< 50) $ 18,000
        401(k) – Employee (> 50) $ 24,000
     Education Deductions & Credits:
        Student Loan Interest $ 2,500
        American Opportunity Credit (Hope) $ 2,500
        Lifetime Learning Credit $ 2,000
     Filing Requirements – Income Thresholds:
        For Most Taxpayers (Non-Dependents):
           Single Taxpayers $ 10,150
           Married Filing Jointly $ 20,300
           Married Filing Seperately $ 3,950
           Head of Household $ 13,050
        Children & Other Dependents:
           Unearned Income $ 1,000
           Earned Income $ 6,200
     Personal Exemption $ 4,000
     Child Tax Credit $ 1,000
     Estate Tax Exemption (Lifetime) $ 5,430,000
     Gift Tax Annual Exclusion $ 14,000