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 are the income tax brackets for 2015?

Table 1. 2015 Taxable Income Brackets and Rates Rate Single Filers Married Joint Filers Head of Household Filers 10% $0 to $9,225 $0 to $18,450 $0 to $13,150 15% $9,225 to $37,450 $18,450 to $74,900 $13,150 to $50,200 25% $37,450 to $90,750 $74,900 to $151,200 $50,200 to $129,600

What was the income tax credit for 2015?

Earned Income Tax Credit. 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.

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.

What is the TAVT rate for a vehicle?

If the vehicle is currently in the TAVT system, the family member can pay a reduced TAVT rate of .5% of the fair market value of the vehicle. If the vehicle is currently in the annual ad valorem tax system, the family member has the option of staying under annual ad valorem OR paying full one-time TAVT.

What was the federal tax rate for 2015?

Top earners ($200,000/individual, $250,000/couple) face an additional 2.3 percent increase because of ACA’s net income surtax, Forbes reports. That left the federal capital gains tax rate at 23.3 percent. However, states levy additional capital gains taxes.

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