Advance projections released for 2015 tax
numbers
Each year the IRS is required to make
inflation adjustments to hundreds of tax numbers in the tax law. Advance
projections of what some of the 2015 numbers will be have recently been
published.
The top tax rate of 39.6% is projected to
start at income exceeding $413,200 for single taxpayers and $464,850 for
married taxpayers. The projected standard deduction is $6,300 for singles and
$12,600 for married couples filing jointly. The alternative minimum tax
exemption for singles will increase to $53,600 and it will increase to $83,400
for married couples filing jointly. The personal exemption amount for 2015 is
projected to increase to $4,000.
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