IRS Issues Inflation Adjustments for Tax Year 2015
On 30 October 2014, the U.S. Internal Revenue Service issued the Various Tax Benefits Increase Due to Inflation Adjustments for tax year 2015, including the adjusted tax brackets for individual income tax. The tax rates remain the same.
For tax years beginning in 2015, the brackets and rates for unmarried individuals (other than surviving spouses and heads of households) are as follows:
- up to…