Internal Revenue Service United States Department of the Treasury
Level Basic Advanced Military International

What's New This Year

Standard and Itemized Deductions

Standard Deduction

The standard deduction for taxpayers who do not itemize deductions on Form 1040, Schedule A, has increased. The standard deduction amounts for 2014 are:

  • Married Filing Jointly or Qualifying Widow(er) - $12,400 (increase of $200)
  • Head of Household - $9,100 (increase of $150)
  • Single or Married Filing Separately - $6,200 (increase of $100)

Taxpayers who are 65 and Older or are Blind

For 2014, the standard deduction for these taxpayers increases by:

  • Single or Head of Household - $1,550 (Increase of $50) ($3,100 for taxpayers 65 or older AND blind)
  • Married Filing Jointly, Qualifying Widow(er), or Married Filing Separately - $1,200 ($2,400 for taxpayers 65 or older AND blind)
Form 1040, Tax and Credits section shows standard deduction amounts.