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Key numbers to know for your 2014 federal tax return
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By the Associated Press Key numbers to know when you're filing your 2014 taxes, according to the Internal Revenue Service: PERSONAL EXEMPTION: • Each personal or dependent exemption is worth $3,950. • Phase-out begins at $254,200 for individuals, $279,650 for heads of household, $305,050 for married filing jointly. STANDARD DEDUCTION: • $12,400 for married couples filing a joint return, and qualifying widows and widowers.