Annual Inflation Adjustments for 2014 Tax Returns
Here are some annual inflation adjustments for 2014 Top 39.6% Income Tax Rate – $406,750 single/$457,600 joint (up $6,750/$7,600 from 2013) Standard Deduction – $6,200 single/$12,400 joint (up $100/$200 from 2013) Personal Exemptions – $3,950 (up $50 from 2013) AMT Exemption – $52,800 single/$82,100 joint (up $900/$1,300 from 2013) Gift Tax Exemption – $14k (unchanged)…