2015 Tax Rates & 2015 Tax Brackets

Posted by Madison on August 1, 2015

What do the 2015 tax rates and 2015 tax brackets look like?

2015 tax rates are used to file your 2015 tax return due in 2016.

A few years ago the fiscal cliff deal made the tax bracket structure permanent. The 2015 income tax brackets will continue to keep the 10%, 15%, 25%, 28%, 33%, 35% and 39.6% tax brackets in place from last year.

2015 Tax Rates & Tax Brackets (Taxes Due April 2016)

The IRS released the final 2015 tax brackets. Here are the federal 2015 tax tables:

 
Tax Rate Single Married Filing Joint Married Filing Separate Head of Household
10% Up to $9,225 Up to $18,450 Up to $9,225 Up to $13,150
15% $9,226 – $37,450 $18,451 – $74,900 $9,226 – $37,450 $13,151 – $50,200
25% $37,451 – $90,750 $74,901 – $151,200 $37,451 – $75,600 $50,201 – $129,600
28% $90,751 – $189,300 $151,201 – $230,450 $75,601 – $115,225 $129,601 – $209,850
33% $189,301 – $411,500 $230,451 – $411,500 $115,226 – $205,750 $209,851 – $411,500
35% $411,501 – $413,200 $411,501 – $464,850 $205,751 – $232,425 $411,501 – $439,000
39.6% Over $413,200 Over $464,850 Over $232,425 Over $439,000

The 2015 federal tax tables are based on your filing status for the 2015 calendar year.

2015 Tax Rates

The 2015 federal tax tables are based on your filing status and number of dependents for the 2015 calendar year.

In addition, the Health Insurance Premium Tax Credit and Tax Penalty for No Health Insurance from last year will continue to apply to your taxes based on your Modified Adjusted Gross Income in 2015.

More on Tax Brackets

The tax bracket you fall in is a marginal tax rate and it doesn’t apply to all of your income. For more information, see How Do Tax Brackets Work?

In addition to the tax brackets and 2015 federal tax tables above, you may owe tax under the alternative minimum tax. You can review the AMT exemption to see if it will apply to you.

To compare 2015 tax brackets to next year, see What Might the 2016 Tax Rates Look Like?.

Tax Calculator

To figure out what your taxes currently look like, you can use the Tax Calculator.



Get your biggest tax refund, guaranteed. Plus FREE Expert Tax Advice. File your Federal tax return for FREE today with TurboTax!




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