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Standard Deduction

If you selected Married Filing Separately on a combined return, you can choose to allocate the standard deduction between spouses in a mutual agreement. As a general rule, you can lower your combined tax by assigning deductions

Standard Deduction and Exemption Amounts

2014 Standard Deduction and Exemptions Single - $6,200 Married Filing Joint - $12,400 Married Filing Separately - $6,200 Head of Household - $9,100 Qualifying Widow(er) - $12,400 Personal Exemption(s) - $3,950 IF THE TAXPAYER OR SPOUSE

Federal > Deductions > Standard Deduction

The IRS allows every taxpayer, based on your filing status, to deduct a flat dollar amount from your Adjusted Gross Income (AGI). 2014 Standard Deduction Amounts: Single or Married Filing Separate (MFS) $ 6,200 Married Filing Joint (MFJ

Federal Section > Deductions > Itemized vs Standard Deduction Comparison

This section shows you the total of your Itemized Deductions entered and compares it to your Standard Deduction. Unless you choose to force Itemized Deductions, we will automatically select the greater deduction .

2013 Standard Mileage Rates

Beginning Jan. 1, 2013, the standard mileage rate for the use of a car (also vans, pickups or panel trucks) increased to: 56.5 cents per mile for business miles driven. 24 cents per mile driven for medical or moving purposes. 14 cents per

2012 Standard Mileage Rates

The following summarizes the optional standard mileage rates for employees, self-employed individuals, or other taxpayers to use in computing the deductible costs of operating an automobile for business, charitable, medical, or moving

2014 Standard Mileage Rates

Beginning on Jan. 1, 2014, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 56 cents per mile for business miles driven 23.5 cents per mile driven for medical or moving purposes 14 cents per

Sales Tax Deduction Calculator

Using the Sales Tax Deduction Calculator To figure the amount of optional general sales tax you are eligible to claim, just answer a few online questions and the system does the rest. First select the tax year for which you are preparing

Indiana Renter's Deduction

You may be able to take the Indiana renter's deduction if: You paid rent on your principal place of residence, and The place you rented was subject to Indiana property tax. Your "principal place of residence" is the place where you have

Indiana Insulation Deduction

You may be able to take this deduction if you installed new insulation in your Indiana home during 2014. Insulation includes weather stripping, double pane windows, storm doors and storm windows. To take this deduction the following