2014 Personal Income Tax Deduction Schedule

From First Tuesday 8/30/14 California‚Äôs Franchise Tax Board released updated personal income tax deduction and credit amounts for 2014. These amounts were adjusted from 2013 rates, based on a 2.2% rate of consumer inflation. Standard personal income tax deductions are: Deduction/Credit 2014 Amount 2013 Amount Standard deduction for single or married filing separate taxpayers $3,992 … Continue reading 2014 Personal Income Tax Deduction Schedule