Mileage Category	2015 Rates
Business Mileage	57.5 cents/mile
Medical and Move-Related Mileage	23.0 cents/mile
Charitable Mileage	14 cents/mile

Note: The dollar-amount figures represent taxable income... your adjusted gross income less all your exemptions and deductions.

Tax Brackets (2015 Dollar Amounts)
Single Filers		Married Joint Filers		Tax Bracket
Over	But Not Over	Over	But Not Over	2015
$0	$9,225	$0	$18,450	10%
$9,226	$37,450	$18,451	$74,900	15%
$37,451	$90,750	$74,901	$151,200	25%
$90,751	$189,300	$151,201	$230,450	28%
$189,301	$411,500	$230,451	$411,500	33%
$411,501	$413,200	$411,501	$464,850	35%
$413,201 +		$464,851 +		39.6%

Tax Brackets (2016 Dollar Amounts)
Single Filers		Married Joint Filers		Tax Bracket
Over	But Not Over	Over	But Not Over	2016
$0	$9,275	$0	$18,550	10%
$9,276	$37,650	$18,551	$75,300	15%
$37,651	$91,150	$75,301	$151,900	25%
$91,151	$190,150	$151,901	$231,450	28%
$190,151	$413,350	$231,451	$413,350	33%
$413,351	$415,050	$413,351	$466,950	35%
$415,051 +		$466,951 +		39.6%

A maximum of $2500 of student loan interest paid can be deducted from your taxable income if your income is under the phase-out amounts. Those amounts have increased for the 2014 tax season.

Filing Status	2015 Income Phase-Out Amounts
Single/Head of Household	$65,000 - $80,000
Married Filing Jointly	$130,000 - $160,000

By the way, the interest deduction is only available to the people who are liable for the loan. For example, if the loan is in your child's name, yet you are making all the payments, the write off is NOT available to you unless you had co-signed the loan, making yourself equally liable.

The maximum earned income tax credit available in 2015 is $6,242, which is an increase of $99 over the 2014 levels. Phase-out thresholds have been increased as well, which will make more people eligible for this credit on their 2015 tax return.

Keep in mind that not only must your income be below these thresholds...your investment income must also be less than $3,350 for the year.

Adjusted Gross Income Phase-Out Amounts for 2015 Earned Income Credit

Filing Status	No Child	1 Child	2 Children	>2 Children
Single/Head/Household	$14,820	$39,131	$44,454	$47,747
Married Filing Jointly	$20,330	$44,651	$49,974	$53,267

(Note: Married Filing Separately taxpayers do not qualify for Earned Income Credit.)

Contribution Limits
Note: The retirement contribution limits will mostly remain unchanged for 2015.

Pension Type	Under Age 50: the lesser of taxable compensation or...		Aged 50 and Older: the lesser of taxable compensation or...
	2015	2016	2015	2016
401(k);403(b);457 plans; Gov't Thift Savings Plans	$18,000	$18,000	$24,000	$24,000
Traditional IRA	$5,500	$5,500	$6,500	$6,500
Roth IRA	$5,500	$5,500	$6,500	$6,500
Simple IRA	$12,500	$12,500	$15,500	$15,500