| Share
 

Itemized Deductions

Taxpayers may itemize deductions or take the standard deduction. The standard deduction amounts for 2014 are as follows: $6,200 for single persons, $9,100 for heads of household, $12,400 for married filing jointly or qualifying widower, and $6,200 for married filing separately.

In itemizing deductions, the following are major items that may be deducted in 2012: state, local, and foreign income, and property taxes, charitable contributions, employee moving expenses, medical savings accounts, casualty losses, mortgage interest, and miscellaneous deductions.


Adjusted Gross Income Federal Individual Income Tax Personal Exemptions

More on Itemized Deductions from Infoplease: