Here is a quick look at 2015 tax rates and their associated income levels. Use this information to help prepare for your tax situation this year. Using your 2014 tax information, you can plan for your tax obligation next year starting now.

Don't forget that tax payers in the higher income levels are also subject to an additional .9% Medicare surtax as part of the Affordable Care Act. This will impact those with incomes over:

• $200,000 Single filing
• $250,000 Married filing joint

2015 INCOME TAX RATES

Action Steps

1. Review your 2014 Adjusted Gross Income and use the chart above to see what your marginal tax rate is.
2. Note whether you are close to the next highest tax rate (This is your Marginal Tax Rate).
3. If you need to withhold additional money to avoid a large tax bill, review and file a new W-4 with your employer.
4. If possible, take steps now to manage next year's tax obligation.

Please give us a call to discuss this or any of our other topics with you, so we can address your specific requirements.

DiSabatino CPA
Michael DiSabatino
651 Via Alondra Suite 715
Camarillo, CA 93012
Phone: 805-389-7300
ww.sharpcpa.com

This publication provides summary information regarding the subject matter at time of publishing. Please call with any questions on how this information may impact your situation. This material may not be published, rewritten or redistributed without permission, except as noted here.  All rights reserved.