Internal Revenue Service United States Department of the Treasury
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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
  • Head of Household - $9,100
  • Single or Married Filing Separately - $6,200

Taxpayers who are 65 and Older or are Blind

For 2014, the standard deduction for these taxpayers is:

  • $1,550 - Single or Head of Household
  • $1,200 - 65 and older, or blind
Form 1040, Tax and Credits section shows standard deduction amounts.