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2015 Rates and Limits Archive

TY 2015 Retirement Plan Contribution Limits

PlanContribution LimitsCatch-up Contribution (if 50 or older)
Traditional IRA$5,500$1,000
Roth IRA$5,500$1,000
SIMPLE$12,500$3,000
401(k), 403 (b), and 457 plans$18,000$6,000

TY 2015 Social Security & Medicare Tax

Maximum Compensation subject to FICA
Social Security$118,500
Medicare TaxNo Limit
Medicare Additional Taxover $200,000

TY 2015 Income Tax Brackets

SingleMarried Filing JointlyMarried Filing SeparatelyHead of HouseholdMarginal Tax Rate
$0 to $9,225$0 to $18,450$0 to $9,225$0 to $13,15010.0%
$9,226 to $37,450$18,451 to $74,900$9,226 to $37,450$13,151 to $50,20015.0%
$37,451 to $90,750$74,901 to $151,200$37,451 to $75,600$50,201 to $129,60025.0%
$90,751 to $189,300$151,201 to $230,450$75,601 to $115,225$129,601 to $209,85028.0%
$189,301 to $411,500$230,451 to $411,500$115,226 to $205,750$209,851 to $411,50033.0%
$411,501 to $413,200$411,501 to $464,850$205,751 to $232,425$411,501 to $439,00035.0%
$413,201 or more$464,851 or more$232,426 or more$439,001 or more39.6%

TY 2015 Deductions & Exemptions

SingleMarried Filing JointlyMarried Filing SeparatelyHead of Household
Standard Deduction$6,300$12,600$6,300$9,250
Additional Deduction for 65 and Older or Blind$1,550$1,250$1,250$1,550
Personal Exemption$4,000$4,000$4,000$4,000

TY 2015 Mileage Rates

Purposecents per mile
Business57.5 ¢
Medical23 ¢
Charitable14 ¢
Moving23 ¢

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