2015 Tax Benefit Increases

The Internal Revenue Service recently issued Revenue Procedure 2014-61, which sets forth the annual adjustments to tax benefits for the 2015 tax year. Notably: • In 2015, the highest income tax rate of 39.6 percent is imposed on single individuals whose income exceeds $413,200 ($464,850 for married taxpayers filing a joint return), an increase from.. read more →