## What is the lowest tax bracket for married filing jointly?

How We Make Money

Tax rate | Single | Married filing jointly or qualifying widow |
---|---|---|

10% | $0 to $9,950 | $0 to $19,900 |

12% | $9,951 to $40,525 | $19,901 to $81,050 |

22% | $40,526 to $86,375 | $81,051 to $172,750 |

24% | $86,376 to $164,925 | $172,751 to $329,850 |

## What is the standard deduction for a couple over 65 filing jointly?

If you are Married Filing Jointly and you OR your spouse is 65 or older, your standard deduction increases by $1,350. If BOTH you and your spouse are 65 or older, your standard deduction increases by $2,700. If one of you is legally blind it increases by $1,350, and if both are, it increases by $2,700.

**What are the 2014 tax brackets and income limits?**

In 2014, the income limits for all brackets and all filers will be adjusted for inflation and will be as follows (Table 1). [1] The top marginal income tax rate of 39.6 percent will hit taxpayers with an adjusted gross income of $406,751 and higher for single filers and $457,601 and higher for married filers.

**What is the standard deduction for Married Filing Jointly?**

Standard Deductions. The standard deduction rises to $6,200 for single taxpayers and married taxpayers filing separately. The standard deduction is $12,400 for married couples filing jointly and $9,100 for heads of household. Here’s how those rates compare to 2013:

### What is the standard deduction for 2014 for personal exemption?

Table 2. 2014 Standard Deduction and Personal Exemption Filing Status Deduction Amount Single $6,200.00 Married Filing Jointly $12,400.00 Head of Household $9,100.00

### What is the estate tax exclusion for 2014?

The exclusion amount for estates of decedents who die in 2014 is $5,340,000, up from a total of $5,250,000 in 2013. Federal Gift Tax Exclusion. The annual exclusion for gifts remains at $14,000 for 2014.