What are the income limits for the 2015 tax season?

What are the income limits for the 2015 tax season?

Estimated Income Tax Brackets and Rates In 2015, the income limits for all brackets and all filers will be adjusted for inflation and will be as seen in Table 1. The top marginal income tax rate of 39.6 percent will hit taxpayers with taxable income of \$413,200 and higher for single filers and \$464,850 and higher for married filers.

What was the tax rate in 2015 for the rich?

Top income tax bracket went from 35% to 39.6% – Fiction! Taxpayers in the top income bracket (\$400,000/individual, \$450,000/couple) won’t see an income tax increase in 2015. The rate was set at 39.6% in 2015, the same as in 2013 and 2014.

Did capital gains taxes jump 13 percent in 2015?

Capital gains taxes did not jump 13 percent in 2015. In 2012, federal capital gains taxes were 15 percent, which was historically low. The rate jumped to 20 percent on January 1, 2013, under the bipartisan ATRA.

What are the 2015 tax brackets and rates?

In 2015, the income limits for all brackets and all filers will be adjusted for inflation and will be as seen in Table 1. The top marginal income tax rate of 39.6 percent will hit taxpayers with taxable income of \$413,200 and higher for single filers. and \$464,850 and higher for married filers. Table 1. 2015 Taxable Income Brackets and Rates.

How much does it cost to file a 2015 tax return?

Federal returns are always free and state returns are only \$14.99. File 2013, 2014, 2015, 2016, 2017, 2018, and 2019 tax returns online. File your federal taxes for free, no matter how complex your return is.

What is the personal exemption amount for 2015?

The personal exemption for 2015 be \$4,000. Source: Author’s calculations. PEP and Pease are two provisions in the tax code that increase taxable income for high-income earners. PEP is the phaseout of the personal exemption and Pease (named after former Senator Donald Pease) reduces the value of most itemized deductions once

Where can I find the 2015 tax tables from the IRS?

TAX TABLES 2015 Department of the Treasury Internal Revenue Service IRS.gov This booklet contains Tax Tables from the Instructions for Form 1040 only. NOTE: THIS BOOKLET DOES NOT CONTAIN TAX FORMS