The National Directory of Certified Public Accountants

Ask A CPA - Inflation Adjustments - 2014

2014 Standard Deduction

The standard deduction rises to $6,200 for singles and married persons filing separate returns and $12,400 for married couples filing jointly, up from $6,100 and $12,200, respectively, for tax year 2013. The standard deduction for heads of household rises to $9,100, up from $8,950.

If you need professional help with "Inflation Adjustments - 2014" or have other tax questions, we can help you find a local licensed CPA for a free, no-obligation consultation.