What is the 2015 gross income threshold to file taxes?

What is the 2015 gross income threshold to file taxes?

What Are the Minimum Income Requirements to File a 2015 Federal Income Tax Return?

Filing Status Age Minimum W-2 Income Requirement
Single Under 65 $10,300
65 or older $11,850
Head of Household Under 65 $13,250
65 or older $14,800

What was the US corporate tax rate in 2015?

The Tax Cut and Jobs Act (TCJA) reduced the top corporate income tax rate from 35 percent to 21 percent, bringing the US rate below the average for most other Organisation for Economic Co-operation and Development countries, and eliminated the graduated corporate rate schedule (table 1).

What is the new small business tax rate for 2015?

1: The tax rate is reduced to 28.5% for companies that are “small business entities” (SBEs) with an aggregated turnover of less than $2 million from 1 July 2015. 2: Upper limit is reduced from $915 to $863 for non-profit companies that are SBEs from 1 July 2015.

What is the tax free threshold in Australia?

If your adjusted gross income for the year is $18,200, the tax-free threshold is usually reduced to $11,400. Taxes are not imposed on this income. Amounts given to employees as well as to the Australian Bureau of Employment Insurance (ABN) may vary depending on who pays for your work. Why Wouldn’T You Claim The Tax Free Threshold?

What are the National Insurance contribution rates for self employed 2015-16?

Self-employed National Insurance contribution rates 2015-16 *1 The limits are defined as SPT – small profits threshold; LPL – lower profits limit and UPL – upper profits limit. *2 Class 2 NICs are paid at a weekly flat rate of £2.80 by all self employed persons unless they have profits below the small profits threshold.

What is the *2 allowance for tax relief?

*2 This allowance reduces where the individual’s income is above the income limit by £1 for every £2 above the income limit until it reaches the level of the personal allowance for someone born after 5 April 1948. *3 Available to people born before 6 April 1935. Tax relief for this allowance is restricted to 10 per cent.