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2015 income tax rates, income brackets
Rates the same, but income amounts increased for inflation

Frustrated woman dealing with taxesThis is why people hate taxes.

OK. There's no one "this" when it comes to tax loathing. But here's one big reason: confusing dates.

Right now we're working on ways to reduce our current year's tax bill. To do that, we must make many tax moves by Dec. 31.

But some of those moves will depend on what our tax situations will be like in the coming year.

So we've got to juggle two tax years simultaneously. That's two too many tax years for most folks.

Still, it's a necessary tax evil. And the latest comparison and evaluation of this year's and next year's taxes officially starts today thanks to the Internal Revenue Service's announcement of inflation adjustments to more than 40 tax provisions.

I'm not going to cram all of them into one blog post. I'm going to take advantage of data dump to spread out the 2015 tax information across several posts.

Today's first look at the many 2015 tax figures is the coming tax brackets.

The seven tax rates, starting at 10 percent and topping out at 39.6 percent, are the same. The amount of ordinary income that falls into each of these seven tax brackets, however, is bumped up a bit.

Here's the 2015 tax table:

2015 tax rates and income brackets
Adjusted for Inflation, Oct. 30, 2014

Tax Rate Single  Head of Household Married Filing Jointly
or Surviving Spouse
Married Filing Separately
10%  Up to $9,225   Up to $13,150   Up to $18,450   Up to $9,225
15%  $9,226
 to $37,450
  $13,151
  to $50,200
  $18,451
to $74,900
  $9,226
to $37,450
25%  $37,451
 to $90,750
  $50,201
  to $129,600
  $74,901
to $151,200
  $37,451
to $75,600
28%  $90,751
 to $189,300
  $129,601
  to $209,850
  $151,201
to $230,450
  $75,601
to $115,225
33%  $189,301
 to $411,500
  $209,851
  to $411,500
  $230,451
to $411,500
  $115,226
to $205,750
35%  $411,501
 to $413,200
  $411,501
  to $439,000
  $411,501
to $464,850
  $205,751
to $232,425
39.6%  $413,201 or more   $439,001 or more   $464,851 or more   $232,426 or more

Note, the rates and income amounts above are for the 2015 tax year. That covers the tax returns you'll file on April 15, 2016. That's right, yet another tax year.

But as mentioned earlier, when it comes to tax planning you need to look at what your tax bracket will be next year and how that compares to what it is this year.

2014, too: Speaking of this year, the 2014 tax rates and brackets cover the amounts on which you'll settle up your eventual tax bill when you file your 1040 on April 15, 2015.

I posted the 2014 tax table not too long ago. But because I appreciate all you wonderful readers, I won't make you click away just to give me an extra page view. I've reproduced the 2014 tax table below.

2014 tax rates and income brackets
Adjusted for Inflation, Oct. 31, 2013

Tax Rate Single  Head of Household Married Filing Jointly
or Surviving Spouse
Married Filing Separately
10%  Up to $9,075   Up to $12,950   Up to $18,150   Up to $9,075
15%  $9,076
 to $36,900
  $12,951
  to $49,400
  $18,151
to $73,800
  $9,076
to $36,900
25%  $36,901
 to $89,350
  $49,401
  to $127,550
  $73,801
to $148,850
  $36,901
to $74,425
28%  $89,351
 to $186,350
  $127,551
  to $206,600
  $148,851
to $226,850
  $74,426
to $113,425
33%  $186,351
 to $405,100
  $206,601
  to $405,100
  $226,851
to $405,100
  $113,426
to $202,550
35%  $405,101
 to $406,750
  $405,101
  to $432,200
  $405,101
to $457,600
  $202,551
to $228,800
39.6%  $406,751 or more   $432,201 or more   $457,601 or more   $228,801 or more

Yes, it's a lot of numbers over several tax years. But spending a little time on them now can help you create a tax strategy to pay Uncle Sam less.

And if you're a total tax geek, check out tax rates and the corresponding income brackets from 2010 through 2015 on the ol' blog's special new Tax Rates, Tax Brackets Through the Years page.

You also might find these items of interest:

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