Fast tax facts.

PositionStatistical table - Cover story

As of Oct. 21,2015

Welcome to our annual at-a-glance compilation of federal and state tax information. User-friendly tax rate schedules, facts, figures and assorted data make this time-saving section a handy companion. Keep it within arm's reach as you enter the upcoming busy season.

Special thanks to: Katelyn Hall, Lorena Venegas, EA and Bella Wang, CPA of Windes Inc. as well as the FTB For compiling this information.

See where your tax dollars are going: www.whitehouse.gov/2014-taxreceipt

2015 TAX DATA SCHEDULE 2015 2015 Federal California Standard Deductions Single $ 6,300 $4,044 Married Filing Jointly, Surviving Spouse 12,600 8,088 Married Filing Separately 6,300 4,044 Head of Household 9,250 8,088 Additional for Age 65 and Older or Blind--Married 1,250 Additional for Age 65 and Older or Blind--Unmarried 1,550 (per individual for each situation, age or blind) Taxpayer Claimed as a Dependent 1,050 1,050 Personal or Dependent Exemption 4,000 (Social Security Number required) California Exemption Credits Single, Married Filing Separately, Head of Household $109 Married Filing Jointly, Surviving Spouse 218 Dependent 337 Blind or Age 65 and Older 109 Senior Head of Household Credit 2% of California taxable income, maximum California AGI of $69,902 with maximum credit of $1,317 California Joint Custody Head of Household Credit and Dependent Parent Credit Each is 30% of net tax with maximum credit of $431 Child and Dependent Care Credit Percentage of federal credit for California AGI limits $0-40,000 50% 40,001-70,000 43% 70,001-100,000 34% 100,001 or more 0% California Renter's Credit Married Filing Jointly, Head of Household, Surviving Spouse if AGI is below $76,518 $120 Single or Married Filing Separately if AGI is below $38,259 60 IRC Section 179 Deduction $25,000 $25,000 Sec. 179 Purchase Phaseout $200,000 $200,000 Beginning of Personal Exemption Phase-out Range--Based on Federal AGI Single $258,250 $178,706 Married Filing Jointly, Surviving Spouse 309,900 357,417 Married Filing Separately 154,950 178,706 Head of Household 284,050 268,063 Beginning of Itemized Deduction Phase-out Range--Based on Federal AGI Single $258,250 $178,706 Married Filing Jointly, Surviving Spouse 309,900 357,417 Married Filing Separately 154,950 178,706 Head of Household 284,050 268,063 Rate Reduced over federal AGI limits 3% 6% Schedule A Medical Deduction Based on federal AGI 10% 7.5% if taxpayer or spouse is age 65 or older 7.5% Schedule A Miscellaneous...

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