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).
When does a MAIS program Meet the definition of a MDAP?
When a MAIS program also meets the definition of an MDAP, the DAE will be the MDA unless delegated to a DoD Component or other official. The DAE will designate the program as either a MAIS or an MDAP, and the Program Manager will manage the program consistent with the designation.
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 standard deduction for 2015 income tax?
Table 2. 2015 Standard Deduction and Personal Exemption Filing Status Deduction Amount Single $ 6,300.00 Married Filing Jointly $ 12,600.00 Head of Household $ 9,250.00
What was the income tax rate in 2015?
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 percent in 2015, the same as in 2013 and 2014. Top earners paid 35 percent in 2012 — before the bipartisan ATRA took effect.
What was the estate tax rate in 2015?
A Medicare tax levied under the ACA added another 3.8 percent for high-income individuals. That means the rate will be no more than 23.8 percent. Estate tax went from 0 percent to 55 percent. Fiction. This claim is completely false.
Do you get a tax refund for 2015?
The IRS is no longer processing refunds for 2015. You must have filed your return within 3 years of the return due date to claim a refund. Free account roll-over and back-ups of completed tax returns are included.
What was the maximum earned income tax credit for 2015?
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). For one child the credit is $3,359, two children is $5,548, and three or more children is $6,242.