Updated 2015 Tax Brackets and Rates

Posted on November 24, 2014 by Admin

I am updating my Social Security book for 2015 and am using this new tax chart as part of the revisions, and thought you might like to see it as well.

If you CLICK BELOW, you can see the 2015 tax chart.

You might also want to know that that the personal exemptions have increase $50 to $4,000 and that the standard deductions (for those of you who do not itemize) have risen slightly to $6,300 and $12,600 for single filers and married filing jointly respectively) too.

For those of you who want to transfer (give) to children and grandchildren (or anyone), the annual gift exclusion remained the same at $14,000 per recipient per donor (a couple can double that non-taxable gift per recipient).

have a very Happy Thanksgiving week… Mark

Simply Click-Here to access the attached 2015 tax table.

Mark J. Orr, CFP
Certified Financial Planner

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