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% |
|
$411,501 – $464,850 |
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% |
|
$411,501 – $413,200 |
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% |
|
$205,751 – $232,425 |
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% |
|
$411,501 – $439,000 |
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
|