TAX RATES
2016 Tax Rates Schedule X - Single
If taxable income is over
But not over
The tax is
$0
$9,225
$37,450
$90,750
$189,300
$411,500
Over $413,200
$9,225
$37,450
$90,750
$189,300
$411,500
$413,200
no limit
10% of the taxable amount
$922.50 plus 15% of the excess over $9,225
$5,156.25 plus 25% of the excess over $37,450
$18,481.25 plus 28% of the excess over $90,750
$46,075.25 plus 33% of the excess over $189,300
$119,401.25 plus 35% of the excess over $411,500
$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)
If taxable income is over
But not over
The tax is
$0
$18,450
$74,900
$151,200
$230,450
$411,500
$464,850
$18,450
$74,900
$151,200
$230,450
$411,500
$464,850
no limit
10% of the taxable amount
$1,845 plus 15% of the excess over $18,450
$10,312.50 plus 25% of the excess over $74,900
$29,387.50 plus 28% of the excess over $151,200
$51,577.50 plus 33% of the excess over $230,450
$111,324 plus 35% of the excess over $411,500
$129,996.50 plus 39.6% of the excess over $464,850
2015 Tax Rates Schedule Y-2 - Married Filing Separately
If taxable income is over
But not over
The tax is
$0
$9,225
$37,450
$75,600
$115,225
$205,750
Over $232,425
$9,225
$37,450
$75,600
$115,225
$205,750
$232,425
no limit
10% of the taxable amount
$922.50 plus 15% of the excess over $9,225
$5,156.25 plus 25% of the excess over $37,450
$14,693.75 plus 28% of the excess over $75,600
$25,788.75 plus 33% of the excess over $115,225
$55,662 plus 35% of the excess over $205,750
$64,998.25 plus 39.6% of the excess over $232,425
2015 Tax Rates Schedule Z - Head of Household
If taxable income is over
But not over
The tax is
$0
$13,150
$50,200
$129,600
$209,850
$411,500
$439,000
$13,150
$50,200
$129,600
$209,850
$411,500
​$439,000
no limit
10% of the taxable amount
$1,315 plus 15% of the excess over $13,150
$6,872.50 plus 25% of the excess over $50,200
$26,722.50 plus 28% of the excess over $129,600
$49,192.50 plus 33% of the excess over $209,850
$115,737 plus 35% of the excess over $411,500
$125,362 plus 39.6% of the excess over $439,000
2015 Tax Rates Estates & Trusts
If taxable income is over
But not over
The tax is
$0
$2,500
$5,900
$9,050
$12,300
$2,500
$5,900
$9,050
$12,300
no limit
15% of the taxable income
$375 plus 25% of the excess over $2,500
$1,225 plus 28% of the excess over $5,900
$2,107 plus 33% of the excess over $9,050
$3,179.50 plus 39.6% of the excess over $12,300
Social Security 2015 Tax Rates
Base Salary
Social Security Tax Rate
Maximum Social Security Tax
Medicare Base Salary
Medicare Tax Rate
$118,500
6.2%
$7,347.00
unlimited
1.45%
Additional Medicare 2015 Tax Rates
Additional Medicare Tax
Filing status
Married filing jointly
Married filing separate
Single
Head of household (with qualifying person)
Qualifying widow(er) with dependent child
0.9%
Compensation over
$250,000
$125,000
$200,000
$200,000
$200,000
Education 2015 Credit and Deduction Limits
American Opportunity Tax Credit (Hope)
Lifetime Learning Credit
Student Loan Interest Deduction
Coverdell Education Savings Contribution
$2,500
$2,000
$2,500
$2,000
Miscellaneous 2015 Tax Rates
Personal Exemption (Adjusted Gross Income below $154,950)
Business Equipment Expense Deduction
Prior-year safe harbor for estimated taxes of higher-income
Standard mileage rate for business driving
Standard mileage rate for medical/moving driving
Standard mileage rate for charitable driving
Child Tax Credit
Unearned income maximum for children before kiddie tax applies
Maximum capital gains tax rate for taxpayers in the 10% or 15% bracket
Maximum capital gains tax rate for taxpayers in the 25%, 28%, 33%, or 35% bracket
Maximum capital gains tax rate for taxpayers in the 39.6% bracket
Capital gains tax rate for unrecaptured Sec. 1250 gains
Capital gains tax rate on collectibles and qualified small business stock
Maximum contribution for Traditional/Roth IRA
Maximum employee contribution to SIMPLE IRA
Maximum Contribution to SEP IRA
401(k) maximum employee contribution limit
Self-employed health insurance deduction
Estate tax exemption
Annual Exclusion for Gifts
$4,000
$500,000
110% of your 2014 tax liability
57.5 cents
23.0 cents
14 cents
$1,000 per qualifying child
$1,050
0%
15%
20%
25%
28%
$5,500 if under age 50 - $6,500 if 50 or older
$12,500 if under age 50 - $15,500 if 50 or older
25% of compensation up to $53,000
$18,000 if under age 50 - $24,000 if 50 or older
100%
$5,430,000
$14,000