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2015 Federal Income Tax Brackets

Tax Bracket (Single) Tax Bracket (Married) Tax Bracket (Head of Household) Marginal Tax Rate
$0+ $0+ $0+ 10%
$9,075+ $18,150+ $12,950+ 15%
$36,900+ $73,800+ $49,400+ 25%
$89,350+ $148,850+ $127,550+ 28%
$186,350+ $226,850+ $206,600+ 33%
$405,100+ $405,100+ $405,100+ 35%
$406,750+ $457,000+ $432,200+ 39.6%

 

The Federal Income Tax consists of six marginal tax brackets, ranging from a low of 10% to a high of 39.6%. As of tax year 2013, a new 39.6% tax bracket has been added, currently applicable to income over $406,750 for single taxpayers – for tax years 2012 and earlier, the highest tax bracket was 35%. There are four complete sets of tax brackets for different filing types, each with different bracket widths:

  1. Single – The Single brackets, applicable to all single non-joint filers, have the narrowest bracket width and generally result in the highest individual income tax.
  2. Married Filing Jointly – The Married Filing Jointly tax brackets are applicable to all legally married couples filing their income tax on a joint return. The width of the first three tax brackets are doubled, and the highest four brackets are expanded (but not doubled) for joint filers.
  3. Head of Household – Head of Household is a special filing status reserved for single individuals who support one or more dependants by themselves. Head of Household tax brackets are wider than Single brackets, but not as wide as joint brackets.
  4. Married Filing Separately – MFS is a special filing type for individuals who are married, but choose to file separate income tax returns. Only used in rare situations, as you will usually wind up paying more income tax than if you filed jointly.

Some individuals may have to follow a special tax structure not listed here, such as the Alternative Minimum Tax (AMT) for certain high-income taxpayers.

When calculating your income tax, it’s important to remember that the federal tax brackets apply to your gross adjusted income, after accounting for any tax deductions such as dependant exemptions, business expenses, and any other before-tax deductions.

If you qualify for any tax credits, such as the Earned Income Tax Credit or a Homebuyer’s Tax Credit, you will deduct these credits from your total tax owed after calculating your marginal tax rates.

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