What was the top income tax rate for 2015?
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
What was the personal exemption amount for 2015?
Keep in mind that the floor for medical expenses remains 10% of adjusted gross income (AGI) for most taxpayers. Taxpayers over the age of 65 may still use the 7.5% through 2016. The personal exemption amount for 2015 is $4,000, up from $3,950 in 2014.
What was the maximum AMT exemption for 2015?
The AMT exemption amount for 2015 is $53,600 for singles and $83,400 for married couple filing jointly (Table 5). Source: Author’s calculations. 2015’s maximum Earned Income Tax Credit for singles, heads of households, and joint filers is $503 if the filer has no children (Table 6).
What was the income tax credit for 2015?
2015’s maximum Earned Income Tax Credit for singles, heads of households, and joint filers is $503 if the filer has no children (Table 6). For one child the credit is $3,359, two children is $5,548, and three or more children is $6,242. Table 6. 2015 Earned Income Tax Credit Parameters. Filing Status.
Where can I find IRS tax tables for 2015?
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
Is the TurboTax 2015 tax software still available?
TurboTax 2015 is no longer available or supported by TurboTax. TurboTax only supports their software for the current tax filing season (2019 as of the date of this post) and 3 years back. While you may be able to purchase TurboTax 2015 from a third party, you will *not* be able to get the “REQUIRED” corrections and updates to the program.
When does the new gas tax go into effect?
Increased the gas tax of 17 cents per gallon by 2.5 cents per gallon each year for five years beginning in October 2021 until reaching 29.5 cents per gallon on July 1, 2025. Motor vehicles which drive on highways, and which are below a certain weight threshold are exempt from the additional tax and are eligible for a refund.
Is there any software to prepare a 2015 tax return?
You can try filing the 2015 return. You will not be able to use TT software—that software is no longer available. You can prepare the return yourself using the instructions and paper forms. **Disclaimer: Every effort has been made to offer the most correct information possible.