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Knowing the brackets is good but to use them to estimate your 2014 taxes, you also need to know the 2014 personal exemption amount, which increased to $3,950, and the 2014 standard deductions (if you are not itemizing, like me). In 2014, the standard deduction for married couples filing a jointly is $12,400, on for single individuals or married couples filing separate returns is $6,200, and for heads of household is $9,100.
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Oct 30, 2014