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IRS Releases 2015 Income and Transfer Tax Adjustments

INFLATION-ADJUSTED THRESHOLD AND CEILING INCREASES

The Social Security Administration and the IRS have released their 2015 list of CPI-adjusted items that will affect individual income, payroll and transfer tax calculations for 2015. We have provided you with some of the key provisions in the following grids.

INCOME TAXS

Threshold amounts above which the top regular and alternative minimum tax (AMT) rates apply.