Personal exemption: $4000 each |
Married Filing Joint & Surviving Spouses
$0 - $18,450 |
10% |
$18,451 - $74,900 |
15% |
$74,901 - $151,200 |
25% |
$151,201 - $230,450 |
28% |
$230,451 - $411,500 |
33% |
|
35% |
$464,851 and up |
39.6% |
|
|
Single Taxpayers
$0 - $9,225 |
10% |
$9,226 - $37,450 |
15% |
$37,451 - $90,750 |
25% |
$90,751 - $189,300 |
28% |
$189,301 - $411,500 |
33% |
|
35% |
$413,201 and up |
39.6% |
|
| |
Married Filing Separately Taxpayers
$0 - $9,225 |
10% |
$9,226 - $37,450 |
15% |
$37,451 - $75,600 |
25% |
$75,601 - $115,225 |
28% |
$115,226 - $205,750 |
33% |
|
35% |
$232,426 and up |
39.6% |
|
|
Head of Household
$0 - $13,150 |
10% |
$13,151 - $ 50,200 |
15% |
$ 50,201 - $129,600 |
25% |
$129,601 - $209,850 |
28% |
$209,851 - $411,500 |
33% |
|
35% |
$439,001 and up |
39.6% |
|
|
IRA Contribution Amount
Traditional & Roth IRAs - younger than 50 |
$5,500 |
Traditional & Roth IRAs - age 50 and older |
$6,500 |
Annual Gift Tax Exclusion |
$14,000 |
|
|
Standard Deduction Amount
Single |
$6,300 |
Head of Household |
$9,250 |
Married: Filling Jointly |
$12,600 |
Married: Filling Separately
|
$6,300 |
|
|
Mileage Rates
| |
2014 |
2015 |
Business |
.56/mile |
.575/mile |
Trips to Hospitals/Moving |
.235/mile |
.23/mile |
Charitable
|
.14/mile |
.14/mile |
|
|
|
