What was the standard deduction in 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 |
| Personal Exemption | $3,950.00 |
What is Alabama standard deduction?
According to the Alabama instructions, the standard deduction varies between $2,000 and $4,000 depending on the filing status and income level.
What is the Alabama personal exemption?
Alabama’s personal exemption is $1,500 if your filing status is single or married filing separately, or $3,000 if your status is married filing jointly or head of family with a qualifying person.
What is the standard deduction for over 65 in 2020?
For 2020, taxpayers who were at least 65 years old or blind could claim an additional standard deduction of $1,300 ($1,650 if using the single or head of household filing status). Once again, the additional deduction amount is doubled for anyone who is both 65 and blind.
Do senior citizens get a higher standard deduction?
Standard Deduction for Seniors – If you do not itemize your deductions, you can get a higher standard deduction amount if you and/or your spouse are 65 years old or older. You can get an even higher standard deduction amount if either you or your spouse is blind.
What are the income tax deductions in Alabama?
Alabama Standard Deductions & Personal Exemption Amounts. In addition to marginal tax brackets, one of the major features of the Alabama income tax is deductions. The three most common deductions encountered by taxpayers are the Alabama Standard Deduction, the Alabama Personal Exemption, and the Alabama Dependent Deduction.
What are the income tax brackets in Alabama?
The Federal income tax also has a standard deduction, personal exemptions, and dependant deductions, though they are different amounts than Alabama’s and may have different rules. Head over to the Federal income tax brackets page to learn about the Federal Income Tax, which applies in all states nationwide.
How does the personal exemption work in Alabama?
The Personal Exemption, which is supported by the Alabama income tax, is an additional deduction you can take if you (and not someone else) are primarily responsible for your own living expenses. Likewise, you can take an additional dependent exemption for each qualifying dependent (like a child or family member), who you financially support.