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Financial Industry Cheat Sheet by

Several items that a personal financial planner would use.

Tax Brackets - 2015

 
Filing Status

Single
Married

 
Jointly
Separately
 
10%
<$9,225
<$18,450
<$9,225
 
15%
$37,450
$74,900
$37,450
 
25%
$90,750
$151,200
$75,600
 
28%
$189,300
$230,450
$115,225
 
33%
$411,500
$411,500
$205,750
 
35%
$413,200
$464,850
$232,425
 
39.6%
>$413,200
>$464,850
>$232,425
The IRS will publish the official 2015 tax tables in January 2016. The source for this table was an article published by TaxFoundation.org and reitterated in Forbes.

Breakpoints (A-Shares)

$
Growth Funds
Bond Funds
Other

Sales Charge (GDC)
Sales Charge (GDC)
Sales Charge (GDC)
< $25k
5.75% (5.0%)
2.50% (2.0%)
3.75% (3.0%)
$50k
5.0% (4.25%)
2.50% (2.0%)
3.75% (3.0%)
$100k
4.5% (3.75%)
2.50% (2.0%)
3.75% (3.0%)
$250k
3.5% (2.75%)
2.50% (2.0%)
3.50% (2.75%)
$500k
2.5% (2.0%)
2.0% (1.6%)
2.50% (2.0%)
$750k
2.0% (1.6%)
2.0% (1.6%)
2.00% (1.6%)
$1m
1.5% (1.2%)
1.5% (1.2%)
1.50% (1.2%)
≥$1m
0.0% (1.0%)
0.0% (1.0%)
0.0% (1.0%)
Obviously, breakp­oints are different with each fund company. These are specif­ically American Funds breakp­oints.

Tax Due ($)

Single
Married

Joint
Separate
Max $
Max $
Max $
$922.50
$1,845
$922.50
$5,156.25
$10,312.50
$5,156.25
$18,481.25
$29,387.50
$14,693.75
$46,075.25
$51,577.50
$25,788.75
$119,401.25
$111,324
$55,662
$119,996.25
$129,996
$64,998.25


This shows the tax liability at the max income for each bracket.
  

Roth IRA Income Limits (2015)
Contri­bution
 
<$183,000
up to the limit

Married
*
≥$183,000
&
<$193,000

a reduced amount

≥$193,000
$0
 
<$116,000
up to the limit

Single
≥$116,000
&
<$131,000

a reduced amount
 
≥$131,000
$0
I only included "­Married Filing Jointl­y" numbers here...I'll add "­Married Filing Separa­tel­y" soon.
Also, for those that exceed the income limit, the backdoor Roth IRA.

IRS Exempt­ion­s/D­edu­ctions

Standard Tax Deduction
Filing Status
Deduction Amount
Single
$6,300
Married Filing Jointly
$12,600
Head of Household
$9,250
Personal Exemption
$4,000

Altern­ative Minimum Tax
Filing Status
Exemption Amount
Single
$53,600
Married Filing Jointly
$83,400
Married Filing Separately
$41,700

Misc IRS Limits

Social Security
Earned Income Limit
below FRAcalc

$15,720
Social Security
Earned Income Limit
above FRAcalc

$41,880
Simple IRA
Contrib Limit

$12,500
Simple IRA Catchup*
$2,500
403(b)
Contrib LImit

$18,000
403(b) Catchup*
$6,000
Gift Tax
$14,000
*Catchup age is ≥ 50 years old. All numbers are as of May 2015.
 

Metadata

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  • Published: 19th May, 2015
  • Last Updated: 9th May, 2016

Favourited By

mrloyal1410 mychyl mattar12

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