To find information on standard deduction amounts for the 2014 tax year, visit the Internal Revenue Service website. Standard deduction amounts for 2014 increased slightly from 2013, according to the IRS.Continue Reading
The standard deduction amount for 2014 was $6,200 for most single taxpayers or married taxpayers filing singly, $12,400 for most married taxpayers filing jointly or qualifying widows and widowers with a dependent child, and $9,100 for most heads of household, the IRS notes.
Standard deduction amounts for 2014 increased if the taxpayer or his spouse was born before Jan. 2, 1950, or is blind, explains the IRS. The amounts for 2014 decrease if someone else can claim the taxpayer as a dependent on his tax return.Learn more about Income Tax