2014 Federal Standard Deduction   

 

Table 1 - Standard Deduction for Taxpayers Who Are:

a. UNDER age 65,
b. NOT blind, AND
c. CANNOT be claimed as a dependent on another person's tax return

Filing Status Deduction Amount
Single $6,200
Head of Household $9,100
Married Filing Separately $6,200*
Married Filing Jointly
or Qualifying Widow(er)
$12,400

* If your spouse itemizes deductions AND also uses the married filing separately filing status, you CANNOT claim the standard deduction. You MUST also itemize deductions!




Table 2 - Standard Deduction for Taxpayers Who Are:

a. Age 65 or Over, and/or
b. Blind, and
c. CANNOT be claimed as a dependent on another person's tax return

Filing Status Age 65 or Over
OR Blind
Age 65 or Over
AND Blind
Single $7,750 $9,300
Head of Household $10,650 $12,200
Married Filing Separately $7,400* $8,600*
Married Filing Jointly
or Qualifying Widow(er)
Step 1: $12,400 + $1,200 for EACH spouse age 65 or older.
Step 2: Add an additional $1,200 for EACH blind spouse to the amount calculated in Step 1.

* If your spouse itemizes deductions AND also uses the married filing separately filing status, you CANNOT claim the standard deduction. You MUST also itemize deductions!




Table 3 - Standard Deduction for Dependents

The GREATER of:
  • $1,000

OR

  • The dependent's earned income (from work) + $350, NOT to exceed the standard deduction shown for dependent's filing status in:

  • Table 1 if dependent is UNDER age 65, OR

  • Table 2 if dependent is age 65 or over and/or blind