How Much Is 2014 Standard Deduction?

If you choose not to itemize your deductions, you can go for the standard option, which is based on your filing status. For 2014, the standard deduction is as follows:

Single taxpayers - $6,200

Married Filing Jointly - $12,200

Head of Household - $9,100

Married Filing Separately - $6,200

Qualifying Widow(er) - $12,400

If you are 65 years of age, or you are legally blind, the standard deduction rate is higher. Also, if you are able to be claimed as a dependent by someone, your deduction is limited.