| Item | 2014 | 2013 | Change |
| Maximum income tax rate | 39.6% | 39.6% | – |
| Maximum Medicare tax rate | 2.35% | 2.35% | – |
| Social Security employee rate | 6.2% | 6.2% | – |
| Max Dividend/Capital Gain rate | 23.8% | 23.8% | – |
| Personal Exemption | $3,950 | $3,900 | +$50 |
| Standard Deductions | |||
| Single | $6,200 | $6,100 | +$100 |
| Joint or Qualifying Widow | 12,400 | 12,200 | +$200 |
| Head of Household | 9,100 | 8,950 | +$150 |
| Married Filing Separate | 6,200 | 6,100 | +$100 |
| Elderly/Blind: Married | Add $1,200 | Add $1,200 | – |
| Elderly/Blind: Unmarried | Add $1,550 | Add $1,500 | +$50 |
| Key Credits | |||
| Child Tax Credit | $1,000 | $1,000 | – |
| Adoption Credit | $13,190 | $12,770 | +$420 |
| Lifetime Learning Credit | $2,000 | $2,000 | – |
| American Opportunity Credit | $2,500 | $2,500 | – |
| Savers Credit | $1,000 | $1,000 | – |
| Retirement Plan Contributions | |||
| Traditional IRA | $5,500 | $5,500 | – |
| (age 50+ catchup) | Add $1,000 | Add $1,000 | – |
| Roth IRA | $5,500 | $5,500 | – |
| (age 50+ catchup) | Add $1,000 | Add $1,000 | – |
| 401(k), 403(b), 457 & SARSEP | $17,500 | $17,500 | – |
| (age 50+ catchup) | Add $5,500 | Add $5,500 | – |
| SIMPLE IRA | $12,000 | $12,000 | – |
| (age 50+ catchup) | Add $2,500 | Add $2,500 | – |
| Section 179 | $25,000 | $500,000 | -$450,000 |
| Property limit | $200,000 | $2 million | -$1.8 million |
| Other Information | |||
| Tuition and Fees Deduction | $2,000 | $2,000 | – |
| Medical Itemized Deduction AGI Threshold (7.5% in 2014 for 65 and older) |
10.0% | 10.0% | – |
