Tax Center

Tax rates

Social Security	2015 Tax Rates
Social Security Tax Rate: Employers	6.2%
Social Security Tax Rate: Employees	6.2%
Social Security Tax Rate: Self-Employed	12.4%
Maximum Taxable Earnings	$118,500
Medicare Base Salary	Unlimited
Medicare Tax Rate	1.45%
Additional Medicare Tax for income above $200,000 (single filers) or $250,000 (joint filers)	0.9%
Medicare tax on net investment income ($200,000 single filers, $250,000 joint filers)	3.8%

2015 Tax Rates - Married Jointly & Surviving Spouses - Standard Deduction $12,600	2014 Tax Rates
10%	0 to $18,450
15%	$18,450 to $74,900
25%	$74,900 to $151,200
28%	$151,200 to $230,450
33%	$230,450 to $411,500
35%	$411,500 to $464,850
39.6%	Over $464,850

2015 Tax Rates - Married Filing Separately - Standard Deduction $6,300	2014 Tax Rates
10%	0 to $9,225
15%	$9,225 to $37,450
25%	$37,450 to $75,600
28%	$75,600 to $115,225
33%	$115,225 to $205,750
35%	$205,750 to $232,425
39.6%	Over $232,425

2015 Tax Rates - Head of Household - Standard Deduction $9,250	2014 Tax Rates
10%	0 to $13,150
15%	$13,150 to $50,200
25%	$50,200 to $129,600
28%	$129,600 to $209,850
33%	$209,850 to $411,500
35%	$411,500 to $439,000
39.6%	Over $439,000

2015 Tax Rates - Single Taxpayers - Standard Deduction $6,300	2014 Tax Rates
10%	0 to $9,225
15%	$9,225 to $37,450
25%	$37,450 to $90,750
28%	$90,750 to $189,300
33%	$189,300 to $411,500
35%	$411,500 to $413,200
39.6%	Over $413,200

Miscellaneous	2015 Tax Rates
Personal Exemption	$4,000
Business expensing limit: Cap on equipment purchases	$200,000
Business expensing limit: New and Used Equipment and Software	$25,000
Prior-year safe harbor for estimated taxes of higher-income	110% of your 2015 tax liability
Standard mileage rate for business driving	57.5 cents
Standard mileage rate for medical/moving driving	23 cents
Standard mileage rate for charitable driving	14 cents
Child Tax Credit	$1,000
Unearned income maximum for children under 19 before kiddie tax applies	$1,050
Maximum capital gains tax rate for taxpayers in the 10% or 15% bracket	0%
Maximum capital gains tax rate for taxpayers above the 15% bracket but below the 39.6% bracket	15%
Maximum capital gains tax rate for taxpayers in the 39.6% bracket	20%
Capital gains tax rate for unrecaptured Sec. 1250 gains	25%
Capital gains tax rate on collectibles	28%
Maximum contribution for Traditional/Roth IRA	$5,500 if under age 50 $6,500 if 50 or older
Maximum employee contribution to SIMPLE IRA	$12,500 if under age 50 $15,500 if 50 or older
Maximum Contribution to SEP IRA	25% of eligible compensation up to $53,000
401(k) maximum employee contribution limit	$18,000 if under age 50 $24,000 if 50 or older
Estate tax exemption	$5,430,000
Annual Exclusion for Gifts	$14,000

Education	2015 Tax Rates
American Opportunity Credit (Hope)	$2,500
Lifetime Learning Credit	$2,000
Student Loan Interest Deduction	$2,500
Coverdell Education Savings Contribution	$2,000

Standard Meal Rates for Family Child Care Providers for 2015 income tax returns
Continental U.S.	2015 Tax Rates
For each breakfast	$1.66
For each lunch or supper	$3.07
For each snack (up to 3 per day for each child)	$0.84
Alaska	2015 Tax Rates
For each breakfast	$2.66
For each lunch or supper	$4.99
For each snack (up to 3 per day for each child)	$1.37
Hawaii	2015 Tax Rates
For each breakfast	$1.94
For each lunch or supper	$3.60
For each snack (up to 3 per day for each child)	$0.99